Azerbaijan bets on Caspian winds to build its next energy export industry
Azerbaijan has historically linked its political and economic influence to oil and gas. The country established itself as an energy producer before the global focus on green transitions. Pipelines connect the Caspian basin to international markets. Natural gas exports have strengthened the position of Baku as a partner for energy security in Europe. The country is now responding to changes in the global energy sector.
For much of its modern history, Azerbaijan's economic and political influence has been closely tied to oil and gas. The country built its reputation as an energy producer long before the current debate about energy diversification and the green transition became a global priority. Its pipelines connected the Caspian basin with international markets, while natural gas exports gradually strengthened Baku's position as a partner in Europe's energy security. But the global energy landscape is changing, and Azerbaijan has little reason to stand aside.