The 10th Southern Gas Corridor Advisory Council Ministerial Meeting and the 2nd Green Energy Advisory Council Ministerial Meeting have been held at the Gulustan Palace in Baku, according to Azerbaijan in Focus, reporting AzerTac.
President of the Republic of Azerbaijan Ilham Aliyev attended the event.
“When we were talking about diversification, our position always was and is that it must be diversification of not only supply routes but also sources. Today’s geopolitical situation in Eurasia proves exactly what we needed to do,” said President Ilham Aliyev as he addressed the meeting.
President also addressed the development of Azeri-Chirag-Gunashi next year.
“We expect the beginning of the natural gas production in the first quarter of the next year from the Azeri-Chirag-Gunashli deep gas project. This is a very promising structure.”
Speaking about the Southern Gas Corridor, Ilham Aliyev noted the following, “The Southern Gas Corridor has already been operating for three years. It is a really success story. It is one of the biggest infrastructure projects in Eurasia.”
“This project is a project of energy security and a project of cooperation because without cooperation between all the countries, which are situated on route of the Southern Gas Corridor, it wouldn’t have been possible to implement this project,” the head of state emphasized.
“The financing of the expansion of the Southern Gas Corridor and any other project related to natural gas must be done in such a way as not to undermine our main target. There was and there is a big demand from Europe for Azerbaijani gas. We have been approached by many countries. As I said, six already are recipients of our natural gas. There are several more where we have negotiations. The gas is needed and we have the resources, we have the infrastructure. And I think that financing from European financial institutions, at least of this project, must be done based on a realistic approach and should not be overshadowed by general anti-fossil fuel trends. We all know what is happening. Azerbaijan, as I said, is in an active phase of green transition, but at the same time, no one can ignore the fact that without fossil fuel, the world cannot develop, at least in the foreseeable future,” the President added.
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