UAE-based Masdar will pursue the development of 4 GW of wind, solar and green hydrogen projects in Azerbaijan under a wider plan envisaging 10 GW of renewable energy capacity in the former Soviet republic.

Representatives from several European countries, including Romania, Serbia, Hungary and Italy travelled to Azerbaijan to discuss growing demand for gas in early June, in light of recent Gazprom cut offs and the threat that further sanctions could hit gas imports.

Azerbaijan is willing to increase its gas supply to Europe via Turkey amid persisting concerns over natural gas supplies after Russia's invasion of Ukraine,

The TANAP is the central part of the Southern Gas Corridor, which connects the Shah Deniz gas field in Azerbaijan to Europe through the South Caucasus Pipeline (in Azerbaijan and Georgia) and Trans Adriatic Pipeline (TAP, from Greece to Albania and Italy).

Стороны обсудили реализацию трёхстороннего проекта энергетического коридора «Север-Юг» в формате Азербайджан-Иран-Россия, в частности, этапы разработки технико-экономического обоснования проекта.

В вопросах взаимодействия в сфере электроэнергетики стороны отметили большой потенциал для дальнейшего сотрудничества в нефтегазовом секторе и в области возобновляемых источников энергии.

In January 2021, Azerbaijan started commercial gas supplies to Europe via the Trans-Adriatic Pipeline, which entered operations in November 2020.

Azerbaijan is the second-largest natural gas supplier to Turkey accounting for a quarter of total imports, after Russia (33%).

Energy Minister Parviz Shahbazov has said that Azerbaijan, which is an exporter of traditional energy resources, aims to bring the share of renewable energy in the total installed capacity of electricity to 30 percent by 2030.

In December 2019, Turkey and Azerbaijan formally inaugurated the US$6.5bn Trans-Anatolian Natural Gas Pipeline (TANAP) gas interconnector.