Development of Trade-Econimic Relations between Azerbaijan-EU Countries in the Field of Natural Gas Supply

Abstract

The research work is devoted to the analysis of mutual relations between the European Union and the Republic of Azerbaijan in the field of gas supply. In addition, the short-term and long-term measures implemented by the European Union countries in response to the changes in the political arena in recent times were reviewed. The relevance of the topic is related to the opening of economic and transport communications after the Second Karabakh war. The region is an important link between Asia and Europe, and Azerbaijan is an important energy partner of the EU as an exporter of oil and natural gas. In addition, considering the existing gas production potential of the Republic of Azerbaijan, the development of this field is a very important field for the country’s economy. The article focuses on the directions of cooperation of the parties in the matter of production and transit of energy resources. The main result is that it is designed as a framework that allows the two parties to develop their relations in the form of mutually beneficial projects based on market principles.