EIG economist hails Azerbaijan's role in maintaining geopolitical balance

Azerbaijan has played a pivotal role in reducing Europe's reliance on Russian natural gas while maintaining geopolitical balance in the Caspian region, Energy Intelligence Group’s (EIG) oil markets economist Julien Mathonnière said. 

Speaking at the "Caspian and Central Asia – Refining, Petrochemicals, Trade, Logistics" conference held in Baku, Mathonnière highlighted Azerbaijan's strategic energy initiatives as both technically and politically successful, Caliber.Az reports per local media. 

He noted that the country's efforts to increase gas exports to Europe are unfolding amid careful regional diplomacy.

“Azerbaijan has successfully increased gas supplies to the European Union through the Shah Deniz project. The country has committed to doubling its gas exports to the EU by 2027, reaching 20 billion cubic meters. This process is being implemented via the Trans-Anatolian and Trans-Adriatic pipelines. The expansion of BP's operations at the Shah Deniz field—through six new wells—will ensure both domestic demand and stable supply under long-term contracts with the EU. Technically, it's a successful project,” Mathonnière said.

He further emphasised the political dimension of the initiative, describing it as a geopolitical success.

“Azerbaijan has positioned its gas cooperation with Europe as market diversification, not as a counterbalance to Russia. This reflects a highly skilled diplomatic approach. Azerbaijan continues its energy cooperation with Russia, including electricity trade and regional infrastructure projects, while simultaneously expanding gas exports to Europe. This is a prime example of a well-executed diversification strategy," he added. 

Mathonnière also pointed to Türkiye’s critical role in the equation, stating: “Most of the gas supplied to Europe passes through Türkiye. Ankara maintains strong energy and political ties with both Baku and Moscow, serving as a diplomatic buffer. Azerbaijan has effectively leveraged Türkiye as an ideal partner in energy diplomacy, and I believe this has been executed very successfully.”

By Sabina Mammadli