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New EU-Azerbaijan agreement to reinforce energy co-op – Lithuanian ambassador

Oil&Gas Materials 24 June 2022 11:59 (UTC +04:00)
New EU-Azerbaijan agreement to reinforce energy co-op – Lithuanian ambassador
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, June 24. The new EU-Azerbaijan agreement will lay the ground for reinforced energy cooperation, notably in renewable energy, Ambassador of Lithuania to Azerbaijan Egidijus Navikas said in an exclusive interview with Trend.

Azerbaijan continues to be an important partner of the EU and a strategic energy partner; we expect progress in negotiations on the new EU-Azerbaijan agreement. This agreement is important, it will facilitate EU and MS investments in Azerbaijan, and support the efforts of the Azerbaijani Government to diversify the economy.

Azerbaijan is important partner for Lithuania and our interest remains to further develop bilateral ties.

Lithuania is especially keen to search for possibilities for cooperation in innovative and high-tech sectors (especially in ICT and renewable energy sectors) as well as in agriculture and food industry.

Azerbaijan – one of Lithuania's strongest partners in the EU Twinning Program (16 projects). At present, Lithuanian institutions together with the EU partners are implementing 6 Twinning projects in Azerbaijan (10 projects have been implemented already). Willing to continue cooperation, share our success stories.

Potential for our trade relations remains untapped (Lithuania’s trade partner No 64 in 2021), but we are keen to explore market opportunities and to look for ways to encourage bilateral economic cooperation and trade relations in various fields.

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