News.Az - SOCAR president: We are ready to cover Europe’s gas needs:
"Azerbaijan is ready to cover Europe’s need for natural gas, president of the State Oil Company of the Republic of Azerbaijan (SOCAR) Rovnag Abdullayev said.
At a press conference in Istanbul Hotel Grand Tarabya, SOCAR president said that the proven gas reserves in Azerbaijan are estimated at $ 3 trillion cubic meters and the basis for the development of energy cooperation between Baku and the European Union is a project of the Southern Gas Corridor.
According to him, with the introduction of new gas capacities, the export potential of Azerbaijan will not fall below 40-50 billion cubic meters per year by 2025.
"Most of this gas will go to the European markets, requiring us to create a safe corridor for energy", the head of SOCAR said."
'via Blog this'
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