TotalEnergies and Masdar have agreed on a $2.2B JV for solar, wind, and battery storage projects across nine Asian countries, including Azerbaijan.
Azerbaijan commissioned the 240MW Shafag Solar Power Plant as part of a drive to generate 30% of electricity from renewables by 2030 and export clean power.
Azerbaijan exported 72.2 million kWh of electricity in Jan-Feb 2026, with Iran as primary recipient. Summer 2026 volumes expected to break bilateral records.
Azerbaijan exported 3.6 million tonnes of crude oil worth $1.70 billion in Jan-Feb 2026, with Q1 gas output reaching 12.6 bcm including 3 bcm to Europe.
Azerbaijan's gas export network reached 16 countries in 2026, adding Germany and Austria, as TAP completed its first 1.2 bcm/year capacity expansion.
Azerbaijan and Turkey have signed a new agreement for the supply of 33 billion cubic meters of natural gas, deepening the Southern Gas Corridor partnership and boosting European supply security.
Azerbaijan's Q1 2026 energy sector delivered strong results: oil revenues climbed 20%, Azeri Light topped $118 per barrel, and green power output reached 6.99 billion kWh.
SOCAR has acquired a 10% stake in Côte d'Ivoire's Baleine oil field via Eni, marking Azerbaijan's state energy company's first West African upstream entry and international diversification push.
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