The Central Asian country has been carrying out reforms in its energy sector to modernise ageing infrastructure and implement energy-efficient technologies, as well as to develop clean energy.

Azerbaijan has until now paid scant attention to the growing worldwide wave of renewable energy sources.

The Karauzyak wind farm project worth $108 million is the first wind energy project in Central Asian country of which the foreign investor was selected in an open tender.

Gas exports from Shah Deniz amounted to 15.923 billion cubic metres (bcm) in the first eleven months of this year, 44.4 percent up from the same period last year.

In 2007, Russia signalled its commitment to pursue territorial claims in the Arctic by planting a titanium Russian flag on the polar seabed. Now, Russia is moving well past symbolism and has developed concrete plans and goals for its entire Arctic region.