European Union’s cooperation with Azerbaijan in the energy sector has intensified, EU High-Representative Josep Borrell told the European Parliament in Strasbourg Wednesday.
He noted that a Memorandum of Understanding on a Strategic Partnership in the Field of Energy was signed in July last year in Baku, and stressed that “this cooperation is more important than ever for ensuring diversification of Europe’s energy supplies, bringing new, reliable sources of energy to Europe”.
“Russia’s invasion of Ukraine has forced us to develop and diversify trade routes and transport connections between Europe and Asia. I agree that also our cooperation with Azerbaijan in the area of connectivity is strategically important,” he said.
Connectivity and energy are key elements of the Economic and Investment Plan, which aims to mobilise up to 2 billion euro (USD 2.1 billion) of public and private investments in Azerbaijan, said Borrell whose speech was delivered by EU Commissioner for Neighbourhood and Enlargement, Oliver Varhelyi, on his behalf. (end) nk.ibi
Source: Kuwait News Agency