Islamabad, 13 December 2023 (TDI): On Monday, Ali Muhammad, Pakistan Federal Minister for Energy, Power, and Petroleum, and Khazar Farhadov, Ambassador of Azerbaijan to Pakistan engaged in a cordial meeting and expressed commitment to strengthen the cooperation in the energy sector.
The two sides agreed to broaden the scope of Pakistan-Azerbaijan fraternal relations. Both officials pledged to explore more avenues of cooperation in the bilateral ties.
During the meeting held in the capital Islamabad with Azerbaijan’s Ambassador, Minister Ali Muhammad stressed the need for increased partnership between both states in the field of energy.
The Federal Minister for Petroleum highlighted the role of Azerbaijan in fulfilling the gas requirements of Pakistan, especially during the winter season. According to the minister, Pakistan has just imported liquefied natural gas (LNG) from Azerbaijan for December to cater to the nation’s energy demands.
Earlier this year, Pakistan’s federal cabinet approved the purchase of discounted LNG cargoes from Azerbaijan. Beginning in July, Pakistan would get one LNG shipment at a reduced rate under the terms of the deal.
In a state visit by the then Pakistani Prime Minister to Baku, both leaders committed to working together in the gas and oil industries to meet Pakistan’s energy requirements. Pakistan State Oil (PSO) and the State Oil Company of the Republic of Azerbaijan (SOCAR) will work jointly to identify energy resources on a government-to-government basis.
Envoy of Azerbaijan Khazar Farhadov at the conversation underlined that the two countries share a deep bond as brotherly nations. He expressed a strong desire to translate this friendly affinity into stronger economic collaboration.
Pakistan’s Minister Ali Muhammad acknowledged the notable presence of Azerbaijan at the global climate conference, COP28, held from November 30 to December 12 in the United Arab Emirates.
Moreover, the Federal Minister has praised Azerbaijan’s pavilion at the COP28 summit appreciating the steadfast commitments made by Azerbaijan to address climate change. Azerbaijan is set to host next year’s COP29 climate change conference after receiving support from several Eastern European countries.