17 January 2018

Azerbaijan will contribute to Europe’s energy security

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

Supply of Azerbaijani gas will contribute to Europe's energy security, Ambassador of Azerbaijan to the US Elin Suleymanov said.

He made the remarks during the Atlantic Council’s discussion of “Developing a Western Energy Strategy for the Black Sea Region and Beyond”.

“I would say that, first of all, the issue of European markets, it's not – it's not the amount of supply,” he said. “It's not the volume of gas which is available. It matters not how much gas you get, it matters the security and the uninterruptible supply of gas. I mean, that's the most important issue. Security of supply is perhaps more important than the volume set.”

Diversity of gas supply means definitely its security, according to Suleymanov.

In these terms, of course, the Southern Gas Corridor is the underpinning and main project at this moment, and there is a need for interconnectors in the Balkan region and the Black Sea region, which are very important to be built to expand the infrastructure, he said.

The Southern Gas Corridor is one of the priority energy projects for the EU. At the initial stage, the gas to be produced as part of the Stage 2 of development of Azerbaijan’s Shah Deniz field is considered as the main source for the Southern Gas Corridor projects. Other sources can also connect to this project at a later stage.

As part of the Stage 2 of the Shah Deniz development, the gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of Trans-Anatolian Natural Gas Pipeline and Trans-Adriatic Pipeline.

“And we know we're not going to replace the Russian gas, but to understand that the more supply – the more secure supply, the more diverse of the European supplies would basically mean good things for all us, including Gazprom, who is also competing on the market, of course,” Azerbaijani ambassador said.

“The other thing is that the Azerbaijani approach has never been anti-Gazprom or in an effort to replace the Russian gas,” Suleymanov said. “Azerbaijani approach to European energy security and diversity is not anti-somebody, it is actually pro-European – pro-European energy security.”

2016.02.11 / 13:15
See also

Bitcoin steadies after 26% slump

WB economist denies accusations of bias against Chile

Berlin and Paris step up push for euro zone reform deal

Zuckerberg's overhaul of Facebook cost him £2.4bn already

Azerbaijan’s 2017 state budget 98% fulfilled

Bitcoin may drop to $ 1,800 this year

Shareholders to participate in liquidation process

Demirbank’s mortgage portfolio

Fed may double interest rates for first time in 2018

Azerbaijan-based banks’ net profit reaches AZN 600M

Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla