Abstract:

The chosen paper mainly investigates the economic capacity of conventional and alternative energy resources in the example of oil, natural gas and electricity in Azerbaijan. Ensuring a well-supplied energy infrastructure for energy and other alternative energy resources in Azerbaijan, both in the form of oil and gas, diversity of resources and thus the organization of economy and efficient use and transparent energy administration are key factors that can play an important role in ensuring energy security. It would be more accurate to call the Azerbaijani economy dependent on oil and gas.Azerbaijan has considerable potential for the production and use of both traditional and alternative energy resources, but oil and gas production still accounts for a large share of energy production.