On 13 December 2022, AHK Azerbaijan organised the next AHK Impuls with the participation of over 50 representatives from members and partners of AHK Azerbaijan. The event was dedicated to the prospects of energy transition in Azerbaijan and maintaining energy security. The honorary guest speaker was Mr Samir Valiyev, Deputy Minister of Energy of the Republic of Azerbaijan. Dr Michael Hilmer, Vice President at Uniper Global Commodities SE and Mr Vitaly Yakovlev, Managing Partner at KPMG Azerbaijan Limited further contributed their remarks on energy transition.

Opening the event, Mr Tobias Baumann, Executive Director of AHK Azerbaijan, welcomed the member companies, greeted the representatives of the diplomatic missions, introduced the speakers and expressed his gratitude towards KPMG Azerbaijan Limited for supporting this AHK Impuls event.

In his keynote, Mr Samir Valiyev pointed out that Azerbaijan is currently on the third level of its energy strategy, which is focused on consolidating energy security for Azerbaijan and also its partners.

Speaking about the development of bilateral relations between Azerbaijan and Germany, Mr Valiyev noted: “Azerbaijan is a key trade partner for Germany in the South Caucasus. Last year, the bilateral trade turnover increased by 57% and was close to 1.3 billion USD.  During the last four years, Germany has been supplied with more than 5.7 million tonnes of Azerbaijani oil. From January to August this year, crude oil accounted for 96.6% of our exports to Germany.”

Mr Valiyev then turned to renewable energies and first highlighted Azerbaijan’s high potential and stressed the positive environment, in which private investments are replacing government investment, highlighting Azerbaijan as a reliable partner.  

Following this keynote, Dr Hilmer gave insights into the energy transition in Germany. He proudly announced that this AHK Impuls is also the kick-off event for the newly established AHK Working Group on Energy Transition.

Mr Yakovlev brought in the perspective of local investors and gave examples of how to provide incentives to potential investors to support the energy transition.

These three perspectives were followed by a lively question and answer session and a networking dinner.

Press Release