Friday, November 27, 2020
Home Climate SOCAR to lead Azerbaijan's sustainable future

SOCAR to lead Azerbaijan’s sustainable future

Azerbaijan’s State-owned energy company SOCAR signed an agreement with the Italian energy infrastructure group Snam, in order to study the development of renewable gases and the use of sustainable energy to deliver through the Southern Gas Corridor, including the Trans Adriatic Pipeline (TAP). 

“Through this project, Snam and SOCAR aim to contribute to the energy transition and the circular economy in Azerbaijan, strengthening the collaboration between our two countries,” said Marco Alverà, Snam’s CEO (pictured above).

The agreement envisions a cooperation in terms of researching and promoting the use of biogas and biomethane, including the potential creation of anaerobic digestion plants. It also promotes sustainable mobility using compressed natural gas (CNG), liquefied natural gas (LNG) and hydrogen, through the development of new distribution stations. Finally, it aims to study the opportunities for developing hydrogen production and related infrastructure.

“The development of biomethane and hydrogen could offer new opportunities for the delivery of renewable gases through the Southern Gas Corridor and the TAP pipeline, thereby improving environmental sustainability alongside security and flexibility of supply,” underlined Mr Alverà.

“SOCAR has been taking significant steps in its operations to minimise the negative impact on the environment,” added Rovnag Abdullayev, SOCAR’s President (pictured above). “The cooperation agreement signed is an important step towards sustainability in the energy industry, aimed at the development of a greener economy and to curb global warming, in order to sustain life and prosperity”.

Both SOCAR and Snam own a 20 per cent stake in the TAP pipeline, with SOCAR being a major shareholder of the other Southern Gas Corridor projects.

Most Popular

Lithuania’s wind energy players commit to cooperate with local communities

Participants in the Lithuanian wind energy sector have made a commitment to seek partnerships with local businesses where possible to contribute to regional economic growth.

European gas puzzle: the TurkStream project – interview with Deputy CEO of construction, Erich Jurdik

Dr Erich Jurdik, Deputy CEO of construction of TurkStream speaks about the state of the TurkStream project and its impact on the region’s energy security as well as the future role of gas in Europe’s ongoing energy transition.

Oil and gas players agreed to report methane emissions with a higher level of transparency

In a move that will help tackle one of the biggest and most solvable contributors to the climate crisis, major players in the oil and gas industry agreed to report methane emissions with a new, much higher level of transparency.

The FSRU vessel ‘LNG CROATIA’ left Viktor Lenac shipyard

The FSRU vessel 'LNG CROATIA' has left Viktor Lenac shipyard and has departed for Spain. The arrival of the vessel at the location of the terminal is expected early December in order for the terminal to start commercial operations on January.