Aliyev: Demand for Azerbaijan gas is increasing rapidly

Azerbaijan in Baku The opening of the twenty seventh Caspian Oil and Pure Gas Truthful was held.

Azerbaijan President Ilham Aliyev, who took half within the honest, made the opening speech.

Speaking about Azerbaijan’s breakthroughs within the area of vitality and the initiatives carried out after gaining its independence, Aliyev famous that the regional initiatives ready with Turkey and Georgia have now become world initiatives.

Aliyev emphasised that the Southern Gas Hall, which carries pure gas from the Shah Deniz area to Georgia, Turkey and European nations, is a challenge to be pleased with.

“Demand for Azerbaijan gas is increasing”

Aliyev, “Demand for Azerbaijan gas is increasing rapidly” emphasizing, “In fact we’ve got to take this into consideration. On the identical time, potential shoppers ought to perceive that it is unimaginable to supply massive portions of gas in a single yr. We’d like contracts for this. We have to provoke and speed up negotiations. We have to work with conventional companions, buyers and vitality corporations to extend manufacturing. We additionally must develop current services “We weren’t planning these points for the approaching years, as a result of the annual capability of TAP, which is the final a part of the Southern Gas Hall made up of elements, is 10 billion cubic meters. However now we’re contemplating the enlargement of the pipelines as a result of it is wanted.” he stated.

Aliyev knowledgeable that Azerbaijan exported 22 billion cubic meters of pure gas in 2021 and this determine will improve to 24 billion cubic meters in 2022. “There is extra demand for Azerbaijan’s hydrocarbon assets from overseas than ever earlier than. As a accountable nation, we take this into consideration and attempt to help nations which have difficulties for varied causes.” stated.

“We’re engaged on the enlargement of pure gas strains”

Aliyev said that he hopes that worldwide monetary establishments will present monetary help for the enlargement of TAP. “We are able to additionally take into account increasing TANAP. As a result of, as I stated earlier than, the demand for Azerbaijan gas is increasing, there is potential for this, there is political will. Due to this fact, we should always not waste time to carry our infrastructure for pure gas transportation to the extent of potential demand. Not solely TAP, but additionally South Caucasus Pipe Line and TANAP additionally must be expanded rapidly and we’re engaged on that.” used the expressions.