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Baku Energy Forum - President Ilham Aliyev: Interest in Azerbaijan's energy resources has increased significantly

President Ilham Aliyev: Interest in Azerbaijan's energy resources has increased significantly

10.01.2023

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“In recent years, energy security issues have been the center stage of the global agenda. This means that this issue has always been on the agenda of international organizations and the most influential international forums, and the way Azerbaijan has been implementing its oil and gas industry projects has always earned us great respect of our partners,” said President Ilham Aliyev as he was interviewed by local TV channels, Report informs via AZERTAC.

“But after the start of the Russia-Ukraine war, of course, other issues may have overshadowed energy security issues and become top priority on Europe’s agenda. This is understandable. Of course, interest in Azerbaijan's energy resources has increased significantly. However, even before that, there was an established opinion that Azerbaijan is a reliable partner for many countries, including countries that are members of the European Union. Azerbaijan's opportunities have increased, and we, as they say, were successfully doing our work at home and were moving towards more profitable markets. Of course, after the Southern Gas Corridor was put into use, we started exporting gas to European Union countries as well,” the head of state noted.

“We took into account the fact that we expect additional production both from the “Shah Deniz” field and from other fields. For example, if everything goes according to plan, the so-called “deep gas” will be produced from the Absheron field this year and, if there are no force majeure obstacles, from the Azeri-Chirag-Guneshli field next year, in 2024. We plan to start producing “deep gas”,” the President added.


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