SOCAR and BCG sign cooperation on Caspian methane reduction
Key highlights
- A Cooperation Agreement was signed on June 2, 2026 during Baku Energy Week.
- The document was signed by SOCAR Vice President Afgan Isayev and BCG Managing Director and Senior Partner Pattabi Seshadri.
- The initiative was first put forward on June 4, 2025 at the Baku Energy Forum and targets minimizing methane emissions by 2030.
- Planned activities include joint research, project implementation, knowledge exchange and promoting emission reduction measures in Caspian oil and gas operations.
Signing
On June 2, 2026, within Baku Energy Week, SOCAR and Boston Consulting Group signed a Cooperation Agreement to implement the "Accelerating Methane Emissions Reduction in the Caspian Region" initiative.
Background
The initiative was originally put forward on June 4, 2025 at the Baku Energy Forum in joint cooperation between SOCAR and BCG and aims to accelerate activities to minimize methane emissions by 2030.
Scope
The agreement foresees strengthened cooperation on reducing methane emissions in the Caspian region through joint research and investigations, implementation of joint projects, exchange of knowledge and application of effective practices, and promotion of emission reduction measures during oil and gas operations in the Caspian region.
Source: SOCAR
