00:00With 240 companies at the exhibition
00:02and 2,000 visitors and delegates to the conference
00:06starting yesterday and ending tomorrow
00:10this event, the Baku Energy Week
00:12has become the must-attend event in the whole region.
00:22Baku Energy Week has become a pivotal fixture
00:26in the global energy calendar.
00:27Now in its 30th year, it marks a defining moment
00:31for energy diplomacy, innovation and leadership.
00:35By 2030, we again, based on already signed contracts
00:40and investment commitments, are planning to have
00:446.5 gigawatt of renewable energy installed capacity
00:50and that will be more than 35% of our total energy grid.
00:57So the green agenda of Azerbaijan is very ambitious.
01:02With over 40 countries represented, Azerbaijan is using this platform
01:07to show its energy ambitions extend beyond export to transition, resilience and global relevance.
01:14We built together with our partners strategic pipelines
01:19to connect Caspian Sea with Black Sea, with Mediterranean
01:23and also, of course, the crown of our pipelines is a thousand gas corridor
01:30which stretches for 3,500 kilometres from Azerbaijani offshore fields towards Italy.
01:41The Southern Gas Corridor is now a critical route for European supply,
01:46a symbol of Azerbaijan's geopolitical influence and its long-term partnerships with Europe.
01:52When this event started 30 years ago, the purpose was to tell the world what we have,
01:57what our mission and vision is and how we can bring the world together both regional and globally
02:04to realise this potential to the benefit of Azerbaijan and the world and the region.
02:10Besides traditional energy resources, we are also telling the world what we have,
02:14what our vision is in terms of green energy and decarbonisation.
02:17This is not simply a showcase of existing capacity.
02:21Baku Energy Week is a signal of acceleration and Azerbaijan's role in building a new energy coalition.
02:28We will become net zero by 2050 energy company and we also have very aggressive targets for 2030 and 35.
02:36So we will rely on three primary enablers.
02:39Number one is decarbonisation of the core, the core businesses that we are in.
02:44Number two is changing the DNA of the organisation, including the culture.
02:49So we embrace the decarbonisation and energy transition on basically a molecular level.
02:57Number three is getting into the low-carbon businesses.
03:01For example, renewable energy generation, low-carbon fertilisers and these type of products.
03:07Energy security, technological progress, political cooperation.
03:11These aren't competing themes, they are converging and Baku is a place where that convergence is taking shape.
03:17Energy security is an important topic, not only the energy security but also the green energy export.
03:23There has been a lot of emphasis on this region in terms of energy, food and water security.
03:29And we at Masdar are playing a very crucial role.
03:33Policy meets pragmatism here in Baku, where energy futures are being written.
03:38We have been participating in Baku Energy Week for the past three years.
03:42It's an important platform that brings investors, financiers, companies from different sectors,
03:49particularly focusing on energy, to have a dialogue, to basically focus on energy security
03:55and how we can provide a sustainable and clean energy in the future.
04:00And we have, it's a great platform and we're here today to also support the journey of Azerbaijan.
04:08That sentiment is shared by global partners, including Germany.
04:12Germany has a long-standing relation with Azerbaijan.
04:16200 years ago, settlers came to Azerbaijan and since then, the relations have been developing.
04:21Here today are more than 13 firms and enterprises who show their world-level technology
04:31and we just signed last week a roadmap in the areas of energy, transport, middle corridor and other areas
04:41because, and that's why we are here, we think Azerbaijan plays an important role in the middle corridor.
04:48From hydrogen to hydrocarbons, it's clear, the energy debate is no longer about direction
04:53but about pace, equity and resilience.
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