Azerbaijan has strengthened its position in the global energy market due to investments made in the energy sector in recent years.
“Elchi” reports that this was stated by Pattabi Seshadri, Managing Director and Senior Partner at Boston Consulting Group (BCG), during the session titled “Leaders’ Speeches: Leaders’ positions on energy transformation and future strategies” at the Baku Energy Forum.
According to him, interest in Azerbaijan has increased significantly in recent years.
“It is a pleasure to be back in Baku after a few years. The energy and dynamics here are amazing. This is the result of investments directed at the country. It can be said that the rest of the world has rediscovered this hidden treasure,” he said.
P. Seshadri noted that a report recently published by BCG and INSEAD identified competitiveness and trust as key elements of the energy transition.
According to him, Azerbaijan holds a favorable position in both indicators.
“The country’s oil, gas, and renewable energy resources are competitive. Especially for sectors like data centers that create new energy demand, Azerbaijan is in a superior position compared to many regions of the world,” he emphasized.
The BCG official stated that Azerbaijan also has strong advantages in terms of the reliability of energy supply. At the same time, there is a need to implement new infrastructure projects to fully realize the country’s gas potential.
According to him, the creation of new consortia and partnerships will play an important role in this regard.