Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Azerbaijan intensifies its European engagement at the EPC Summit

Azerbaijan added additional thrust to its engagement with Europe announcing more energy to the EU, a strategic partnership with the UK, additional agreements with Ukraine, a dozen bilateral meetings with European leaders and a new meeting with Armenia to advance the historic peace process.

Azerbaijan increased its energy exports to Europe, expanding supplies from 8 billion to 13 billion cubic meters annually. President Ilham Aliyev discussed long-term energy contracts with European Council President Antonio Costa at the 9th European Political Community Summit in Dublin. The EU-Azerbaijan Strategic Partnership in the Field of Energy, established in 2022, focuses on gas supplies and renewable energy.

Azerbaijan's gas pipeline to Italy currently operates at full capacity and plans further expansion. The UK and Azerbaijan signed a Joint Declaration on Strategic Partnership, emphasizing defense, security, trade, and investment collaboration. Ukrainian President Volodymyr Zelenskyy met with Aliyev to discuss emergency support for Ukraine's energy grid and humanitarian aid totaling €48 million.

Armenia and Azerbaijan held talks on peace consolidation, border delimitations, and electricity grid interconnection.

Written by urgent.news from Euronews Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Read the original at euronews.com →

More in Finance & Markets

Commvault CFO Gary Merrill Exits for New Role, Stock Falls

Commvault Systems, Inc. (NASDAQ:CVLT) stock fell Friday after the cybersecurity and data recovery company announced a leadership shake-up, including the departure of its chief financial officer . The company announced Friday that Chief Accounting Officer Danielle Abrahamsen will become interim CFO, effective Dec. 1.

More from Friday 13 November →