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‘Azerbaijan-Georgia-Turkey Energy Bridge’ project to strengthen country’s energy security

Oil&Gas Materials 4 June 2014 11:24 (UTC +04:00)
The implementation of the "Azerbaijan-Georgia-Turkey Energy Bridge" project will contribute to the development of the Black Sea Electricity Ring, Azerbaijani Energy Minister Natig Aliyev said at the 21st International Caspian Oil and Gas-2014 Conference in Baku on June 4.
‘Azerbaijan-Georgia-Turkey Energy Bridge’ project to strengthen country’s energy security

Baku, Azerbaijan, June 4

By Emil Ismayilov - Trend:

The implementation of the "Azerbaijan-Georgia-Turkey Energy Bridge" project will contribute to the development of the Black Sea Electricity Ring, Azerbaijani Energy Minister Natig Aliyev said at the 21st International Caspian Oil and Gas-2014 Conference in Baku on June 4.

"This will allow Azerbaijan to strengthen its energy security and to ensure the export of electricity," he said.

"Azerbaijan has recently achieved great success in the field of power engineering," he said. "In particular, more than 15 power plants were built and reconstructed in the country."

The minister stressed that the work is being carried out to connect Azerbaijan's energy system with similar systems of neighboring countries.

"In particular, extensive work has been carried out to ensure parallel operation of power systems of Azerbaijan, Russia and Iran," the minister added. "Technical work carried out within the "Azerbaijan-Georgia-Turkey Energy Bridge" project will ensure electricity exports to Turkey, and in the future - to Europe."

The "Azerbaijan-Georgia-Turkey Energy Bridge" project envisages supplying 1,200 megawatts of electricity to Turkey. Some 600 MW of this volume will account to Azerbaijan.

The project envisages annual export of up to 2,000 megawatts of electricity from Turkey to Europe. The project is planned to be launched in 2014.

"At present, Azerbaijan's energy system capacity is 7,105 MW or by 1,500 megawatts more than the country's electricity needs," Aliyev said.

The country is able to annually produce about 22 billion kilowatt/hours of electricity, which brings Azerbaijan's annual export capacity to the amount of two billion kilowatt/hours.

Natig Aliyev said that Azerbaijan intends to supply gas to Europe soon. He noted that Azerbaijani gas will go farther than Italy, to Central Europe.

The minister added that Azerbaijan produced 43.5 million tons of oil and 29.5 billion cubic meters of gas in 2013.

Evaluations of Azerbaijan's hydrocarbon reserves by various companies and organizations are pessimistic, yet these reserves are much more than valued, the minister said.

edited by S.I.

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