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AI and energy security drive investment focus at Baku Energy Week 2026

Baku Energy Week 2026 showcased how AI, digitalisation and regional gas diplomacy are reshaping the global energy sector, as companies and officials increasingly focus on competitiveness, energy security and cleaner technologies. Artificial intelligence, upstream investment and gas security have led the conversation at Baku Energy Week 2026, as global energy companies used the annual gathering in Azerbaijan to showcase how the sector is adapting to geopolitical uncertainty. Across two...

Euronews 8d ago

There is no energy transition — only addition, experts say at Baku Energy Week

Grid infrastructure emerged as the forum's defining bottleneck on the last day of Baku Energy Week, as the IGU's chief of staff said that global consumption of oil, gas, coal and renewables is rising simultaneously, directly challenging the conventional narrative. The world is consuming more oil, gas, coal and renewables than ever before, the International Gas Union's chief of staff told the final day of Baku Energy Week, challenging the conventional understanding of energy transition....

Euronews 6d ago

Southern energy corridors set to dominate supplies to Europe, global leaders say

The rapid reshape of global energy supply routes and markets is a key focus at the Baku Energy Week 2026. Opening Baku Energy Week 2026, Azerbaijan’s President Ilham Aliyev said the “world cannot live without fossil fuels,” while also insisting that countries “should be judged on how they invest in renewables.” Speaking about Azerbaijan’s role in global energy markets, Aliyev said it was “difficult to imagine what the European market would look like without the South Caucasus,” underscoring...

Euronews 8d ago

Smart pipelines: Can AI protect the world’s energy lifelines?

As ageing pipelines face growing risks, the energy industry is increasingly turning to AI and smart monitoring systems to improve their safety and efficiency. Around 500,000 kilometres of oil and gas pipelines worldwide need to be renovated, rebuilt or upgraded, while leaks, ruptures and incidents already cost the sector more than $7 billion (€6bn) a year — and roughly 40% of failures go undetected in the first 24 hours, according to industry experts speaking at the Baku Energy Forum. The...

Euronews 5d ago

Energy transport corridors to Europe boosted by AI and new digital systems

AI and new digital technologies are key to the urgently needed alternative energy trade routes through the Southern Gas Corridor and the Middle Corridor systems connecting the Caspian and Europe. The Southern Gas Corridor and the rapidly developing Middle Corridor trade routes connecting Asia to Europe through the Caspian region are emerging as strategic energy transport bridges amid global disruptions, but these energy transit systems and their security require urgent investments in...

Euronews 7d ago

Ukraine: Marine drone explodes in Romanian port

Ukraine: Marine drone explodes in Romanian port Published June 5, 2026last updated June 5, 2026What you need to know - Ukrainian naval drone detonates near oil terminal in Romanian port - Germany and France welcome Zelenskyy's proposal for Putin meeting - Russian drone strikes claim seven lives in Ukraine - US lawmakers pass Ukraine Support Act in defiance of Trump - IAEA says ceasefire in place at frontline near Zaporizhzhia nuclear plant Read below for a roundup of news related to Russia's...

Deutsche Welle 5d ago