Azerbaijan and Ukraine adopted a cooperation plan through 2027 as trade between them expanded, while officials discussed energy equipment, gas storage and regional transport links.
Azerbaijan's Ministry of Energy said the 14th session of the Intergovernmental Commission on Economic Cooperation took place in Uzhhorod, Ukraine. The sides signed a protocol there, and the meeting produced a 2026-27 plan spanning 14 areas.
Ukraine's Ministry of Energy said its delegation proposed work on energy-equipment reserves, delivery logistics, common standards and joint production. Officials also discussed the Trans-Balkan route, underground gas storage and oil pipelines as possible areas for cooperation.
At a business forum, Ukraine's First Deputy Prime Minister and Energy Minister Denys Shmyhal said the goal was to turn the energy discussions into projects. “Our goal is to turn this vision into actual projects,” he said.
Ukraine’s energy ministry said SOCAR and Naftogaz first delivered Azerbaijani gas to Ukraine in 2025. It described regular commercial ties and long-term contracts as next steps.
Azerbaijan's ministry reported cumulative bilateral investment of $513.5 million. For January through August 2026, it recorded 10.5% growth in bilateral trade and a 17% rise in Azerbaijani exports to Ukraine.
Ukraine's ministry said an Azerbaijani shipment received Oct. 29 was worth more than $1.47 million and contained nine power transformers and 186 kilometers of electrical cable.
Separately, Report.az reported that officials discussed a proposed power plant in Mingachevir and put its estimated cost at $1.5 billion. Ukraine's ministry did not confirm the estimate. EconoTimes previously covered the reported Mingachevir proposal.
