TotalEnergies Azerbaijan: Outstanding Contribution to Sustainable Transformation Azerbaijan 2022
Managing Director and Country Chair of Total Energies in Azerbaijan: Regis Agut
TotalEnergies is a multinational French company created in 1924 — and now driving an energy transformation in 130 countries. In Eurasia, straddling Western Asia and Eastern Europe, TotalEnergies works within company’s climate-centered transformation strategy to deliver affordable, clean energy. The company has a history of supporting national energy resilience by developing oil and gas assets, but it’s been pushing to clean up the portfolio. TotalEnergies has been active in Azerbaijan since 1996, primarily through its gas operations. In 2015, TotalEnergies sales were split between approximately 65 percent petroleum products and 33 percent natural gas. Last year, the energy mix rebalanced at around 44 percent petroleum, 48 percent natural gas, seven percent (mostly) renewable electricity and two percent biomass or hydrogen. The company continues to phase out oil production and is looking to natural gas as an ideal transitional solution in the net-zero journey. TotalEnergies identifies opportunities in international markets, working with government and business partners to boost renewable energy production. Transformational strategies are driven by the SDGs and aligned with climate targets. TotalEnergies plans to increase renewable energy capacity to 35 gigawatts by 2025 and 100 gigawatts by 2030 globally while TotalEnergies Azerbaijan is focused on development of renewable portfolio in the country. The company is working with the Azerbaijan – France Chamber of Commerce to build a sustainable energy roadmap for the nation and its people. It supports gender equality initiatives and invests considerable resources to educate and promote local talent. The CFI.co judging panel announces TotalEnergies Azerbaijan as the 2022 award winner for Outstanding Contribution to Sustainable Transformation (Azerbaijan).
