00:00With 240 companies at the Exhibition and 2,000 visitors and delegates to the conference, starting yesterday and ending tomorrow,
00:11this event, the Baku Energy Week, has become the must-attend event in the whole region.
00:22Baku Energy Week has become a pivotal fixture in the global energy calendar.
00:27Now in its 30th year, it marks a defining moment for energy diplomacy, innovation and leadership.
00:35By 2030, we again, based on already signed contracts and investment commitments,
00:43are planning to have 6.5 gigawatt of renewable energy installed capacity.
00:50And that will be more than 35% of our total energy grid.
00:58So the green agenda of Azerbaijan is very ambitious.
01:02With over 40 countries represented, Azerbaijan is using this platform to show its energy ambitions extend beyond export,
01:11to transition, resilience and global relevance.
01:14We built, together with our partners, strategic pipelines to connect Caspian Sea with Black Sea, with Mediterranean.
01:24And also, of course, the crown of our pipelines is the Southern 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,
01:58what 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.
02:09Besides 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,
02:24and Azerbaijan's role in building a new energy coalition.
02:28We will become Net Zero by 2050, energy company,
02:31and 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 molecular level.
02:56Number 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,
03:14and Baku is a place where that convergence is taking shape.
03:17Energy security is an important topic,
03:19not 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.
03:34Policy 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,
03:53to basically focus on energy security and how we can provide a sustainable and clean energy in the future.
04:01And 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.
04:32And 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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