AZERBAİJAN İS A NEW AND RELIABLE SUPPLIER OF NATURAL GAS TO EUROPE

Abstract

Azerbaijan has become an important player in Europe's energy supply in recent years. Particularly, Azerbaijan's rich natural gas reserves and advanced energy infrastructure make it a significant partner in the European Union's energy security. This role is enhanced by Azerbaijan's participation in energy resources from the Caspian Sea and international energy projects. In a time when Europe needs various alternative sources to reduce dependence on Russia and other traditional suppliers, Azerbaijan has emerged as a reliable and strategic energy supplier. The strategic importance of Azerbaijan in the energy market stems from its vast natural gas and oil reserves. The "Shah Deniz" field in the Caspian Sea, one of the world's largest gas fields, is the primary source of Azerbaijan's natural gas exports. The operation of the "Shah Deniz" field, as well as the completion of Phase 2 of Shah Deniz, has further increased Azerbaijan's natural gas exports. A large portion of Azerbaijan's natural gas reserves is exported to the European market, and through the "Southern Gas Corridor" project, Azerbaijan makes a significant contribution to Europe's energy security.