BAKU, August 30 — Malaysian companies are showing growing interest in exploring opportunities in Azerbaijan’s liquefied natural gas (LNG) and liquefied petroleum gas (LPG) sectors, Malaysia’s Ambassador to Azerbaijan, Ahmad Kamrizamil Mohd Riza, told Report.
“Azerbaijan, as one of the key energy suppliers and a strategic player in the region, plays an important role in ensuring Europe’s energy security thanks to its developed pipeline infrastructure,” the diplomat said.
Energy and Infrastructure Prospects
According to Riza, Azerbaijan offers significant potential for Malaysian firms with expertise in midstream infrastructure construction and management, gas processing technologies, storage systems, and related industries. He invited Azerbaijani companies to actively engage with Malaysian enterprises at major industry platforms, including the Oil & Gas Asia (OGA) 2025 exhibition in Kuala Lumpur.
Additional channels for cooperation, he noted, include the MATRADE office in Istanbul, which serves as a key hub for connecting Malaysian exporters and service providers with regional partners.
“We are convinced that proactive engagement on these platforms will help unlock the full potential of mutually beneficial partnership in the energy sector,” he emphasized.
Expanding to Renewables
The ambassador also identified renewable energy as one of the most promising areas for collaboration. Azerbaijan has set ambitious goals to increase its share of green energy capacity from 21.3% at the end of 2024 to 33.7% by 2027. Projects in solar and wind power, he stressed, not only meet domestic needs but also strengthen Azerbaijan’s role as a regional green energy hub.
Malaysia itself is advancing its own green transition through initiatives such as the New Industrial Master Plan (NIMP) 2030, the Green Investment Strategy, the Circular Economy Policy, and the National Trade Plan 2030. These programs, overseen by the Ministry of Investment, Trade and Industry (MITI), encourage Malaysian companies to expand into sustainable industries and could provide valuable expertise for Azerbaijan’s clean energy agenda.
Formalizing Business Ties
Steps are also being taken to formalize the Malaysia-Azerbaijan Business Working Group, which currently operates informally.
“Granting it official status will attract a larger number of business circles from both countries to engage in dialogue and explore new opportunities. I hope this process will be completed by the end of 2025,” Riza said.
The diplomat highlighted the importance of ongoing bilateral consultations, which address key issues of economic development, technological innovation, and cultural exchange. These discussions, he noted, are laying the groundwork for future initiatives in trade, investment, research, and people-to-people ties.
Trade Snapshot
From January to July 2025, trade turnover between Malaysia and Azerbaijan reached $6.913 million. Azerbaijani exports to Malaysia amounted to $27,300, consisting mainly of optical and scientific equipment, textiles, clothing, footwear, industrial goods, vegetable oils, and agricultural products. In contrast, Malaysia exported $6.886 million worth of goods to Azerbaijan, including palm oil-based products, electrical and electronic equipment, rubber goods, machinery, spare parts, as well as optical and scientific devices.
