Finance ministers from five European Union countries are calling for a new tax on windfall profits earned by energy companies, as rising fuel prices linked to the escalating Iran conflict fuel economic pressure across Europe.
Baku hosted the 12th ministerial meeting of the Southern Gas Corridor Advisory Council and the 4th ministerial meeting of the Green Energy Advisory Council, bringing together representatives from 27 governments and 60 institutions and companies.
“As we continue to reduce our dependence on Russian gas, the importance of our partnership with Azerbaijan will increase, bringing benefits for Europe's energy security and Azerbaijan's economy,” Dan Jørgensen, EU Commissioner for Energy and Housing, said during the 12th Ministerial Meeting of the Southern Gas Corridor Advisory Council and 4th Ministerial Meeting of the Green Energy Advisory Council held in Baku on Tuesday.
Azerbaijani President Ilham Aliyev addressed the 12th Ministerial Meeting of the Southern Gas Corridor Advisory Council and the 4th Ministerial Meeting of the Green Energy Advisory Council, which opened on Tuesday at the Baku Convention Center.
04 Apr 2026-13:44
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