President Ilham Aliyev commented on Azerbaijan's position on the Trans-Caspian project

President Ilham Aliyev commented on Azerbaijan's position on the Trans-Caspian project

Baku, January 10, AZERTAC

“Discussions about the Trans-Caspian pipeline have been going on for many years, but there is no result yet. The total throughput capacity of the Trans-Caspian pipeline is estimated at 30 billion cubic meters of gas. There are several key issues for the implementation of this project, one of which is who will finance this project,” said President Ilham Aliyev in his interview with local TV channels.

“There is still no clarity regarding the Trans-Caspian pipeline project. In other words, who will take this project forward and what will be its financial capacity? To calculate this, a feasibility study should be prepared. Companies should be involved in preparing it. That is, these are not issues that are resolved in one day or one year. If this project is started today, it will take a few years just to carry out all the studies – geological surveys, environmental surveys, technical capacities, financial capacity. All these are open questions. I think it would be wrong to talk about the Trans-Caspian pipeline project without answering these questions first,” the head of state noted.

“We, as a country, have always supported this project, and I have openly stated it several times that yes, if we are approached, we are ready to present our capabilities, make our infrastructure available and address other necessary issues. But we cannot initiate this project because it is not our gas,” the President underlined.

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