Azerbaijan, Iran, and Russia agreed to establish a North-South energy corridor, linking the three countries and exporting electricity from Moscow to Baku and Tehran, Azerbaijan’s Minister of Energy, Natig Aliyev, told Trend News Agency. Russian Energy Minister, Alexander Novak, confirmed Moscow’s interest in uniting the energy systems with Azerbaijan and Iran. A special committee has been set up and the three countries’ energy ministries are working on the issue.
In addition, the lifting of sanctions from Iran has played an important role in the development of the Azeri-Iranian relations. Both countries have plans to implement major oil and gas projects, as well as transportation projects, according to News.Az. “The issue of transit of Iranian gas through the territory of Azerbaijan, as well as issues such as Iran use Azerbaijani gas storage facilities, and other areas of cooperation, which we will develop, are on the agenda,” confirmed Aliyev.