BAKU, Azerbaijan, April 20. Azerbaijan and Israel are holding talks on cooperation in the renewable energy sphere, Ambassador Extraordinary and Plenipotentiary of Azerbaijan to Israel, Mukhtar Mammadov, said in an exclusive interview with Trend.
“Azerbaijan is one of the leading countries in the region in the field of energy. In recent years, the development of the energy sector in Israel has become relevant as gas reserves have been discovered and work is underway in this direction. Azerbaijani companies may take advantage of such activities," he said.
The ambassador added that since the 1990s, Azerbaijan has provided more than 30 percent of Israel's oil needs. "At the same time, important projects in the field of alternative energy are being implemented under the leadership of President Ilham Aliyev," he said.
"Last year, Azerbaijan and the European Commission signed a memorandum of understanding in the field of energy. According to the memorandum signed with Georgia, Romania, and Hungary, electricity will be exported from Azerbaijan to Eastern Europe in a few years. Thus, Azerbaijan is diversifying its energy portfolio," said Mammadov.
He went on to add that several important projects in the field of alternative energy are also being implemented in Israel, and negotiations are underway for cooperation in this area.