POLITICS


President: As a whole, about 24 billion cubic meters of gas is expected to be exported this year

President: As a whole, about 24 billion cubic meters of gas is expected to be exported this year

Baku, January 10, AZERTAC

“Azerbaijan's fields will supply gas to international markets for at least another 100 years, i.e. as technologies develop, production opportunities will increase. Therefore, 2.6 trillion cubic meters is the confirmed minimum volume of our potential,” said President Ilham Aliyev in his interview with local TV channels.

“Considering the construction of all the gas pipelines, of course, together with the European Union we aim to increase the supply. But to do this, of course, it is necessary to invest in production, and we are doing that, because it is necessary to expand the existing gas pipelines. Because both TANAP and TAP pipelines are designed for the volumes we contracted. We did not take into account the need to double the supply to Europe in such a short period of time. In other words, the document signed with Mrs. Ursula von der Leyen refers to this very matter,” the head of state mentioned.

“As a whole, about 24 billion cubic meters of exports is expected this year. Therefore, we are already becoming a serious actor in the gas market, including the European market. We are already thinking about doubling the throughput capacity of TANAP and TAP,” President Ilham Aliyev added.

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