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SOCAR, TotalEnergies and ADNOC lock in Caspian gas supply deal
Azerbaijan's SOCAR signed a long-term deal with TotalEnergies, ADNOC's investment arm XRG and Turkey's BOTAŞ to export gas from the Absheron offshore field from 2029, bolstering the Southern Gas Corridor that Europe has increasingly relied on in recent years. Azerbaijan's state oil company SOCAR has signed a long-term gas supply agreement with TotalEnergies, ADNOC's investment arm XRG and Turkish state pipeline operator BOTAŞ, locking in future exports from the Absheron offshore field in the...
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....
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...
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...
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...