Ilham Aliyev attends Energy Security round table at Munich Security Conference (PHOTO)

Ilham Aliyev attends Energy Security round table at Munich Security Conference (PHOTO)

BAKU, Azerbaijan, Feb. 14

Trend:

President of the Republic of Azerbaijan Ilham Aliyev has attended the Energy Security Roundtable as part of the Munich Security Conference.

The head of state made a speech at the roundtable.

Speech of President of the Republic of Azerbaijan Ilham Aliyev

- Last year was a significant one for our country and, I think, for the energy security of Europe, because together with our partners we successfully completed the main TANAP gas pipeline, which has reached the Turkish-Greek border. This means that three of the four segments of the Southern Gas Corridor have already been successfully completed. As for the last segment, the TAP project will be completed at the end of this year. Thus, an integrated pipeline system with a length of 3,500 kilometers will be commissioned. This is one of the main infrastructure projects in our region. Of course, it is very important for us, our partners and the energy security of Europe.

At the end of this month, we will be hosting the traditional Advisory Council of the Southern Gas Corridor, which we annually hold in Baku to review the work done and plan on future activities. I hope there will be many participants. Today we are working with new countries in connection with future projects. The Southern Gas Corridor links seven countries – Azerbaijan, Turkey, Georgia, Bulgaria, Greece, Albania and Italy. Three Balkan countries, Bosnia and Herzegovina, Montenegro and Croatia, have already signed a Memorandum of Understanding with us in connection with joining the project in the second phase which, in particular, provides for the construction of the Ionian-Adriatic pipeline through these countries. In technical terms, this is feasible, from the point of view of gas reserves it is as well. We have increased production and, of course, there will be a need for more support from the European Commission. Because if this project is also included in the number of projects that meet the common interests of the European Union, then its implementation will go faster. Some countries working with us on the Southern Gas Corridor will have the opportunity to have alternative sources of supply for the first time in history. An alternative source is not only about a route, because when we talk about security, we should talk about the source. In our person, the transportation of Azerbaijani gas to the European and Turkish markets is a new source and a new route. I believe that this is the advantage of our project, which is why the European Union gives it strong support. For this reason, even though the final work will be carried out before the end of this year, we can consider the Southern Gas Corridor to be a completed project.

Meanwhile, Azerbaijan continues to be a very stable oil supplier. Since 2006, when the Baku-Tbilisi-Ceyhan pipeline was commissioned, there have been no interruptions, force majeure situations or problems. From a geopolitical and technical point of view, it was also very difficult to implement because it was connecting the Caspian and Mediterranean seas for the first time.

For some countries, including European ones, Azerbaijani oil makes up about 40 percent of their consumption. Therefore, we will continue to remain a reliable partner as an oil supplier. We have recently extended a contract with BP. Until 2050, we will have a relatively stable production profile. Therefore, exploration work is underway on new projects. We are currently experiencing the second phase of the oil boom, if I may say so. Many large companies are returning and getting engaged in new projects. This will allow us the opportunity not only to maintain, but also to increase the production profile.

We are an active member of OPEC+. One of its meetings took place in Baku at our invitation. When the question was asked in Davos in 2016, “What can we do about the oil price?”, I replied that it would be nice if the main OPEC and non-OPEC countries could come together and agree with each other. I am glad that this happened. I think that this should be continued. I believe that especially now, despite all the difficulties in the oil-producing countries due to the situation related to the coronavirus – Mr. Birol has presented very interesting information – given the reasons for the drop in oil prices, as well as the fact that they can continue to fall, cooperation of OPEC+ is very important. Because the situation today is such that OPEC and non-OPEC countries operate in the same organization. We have no other organization and cooperation of this kind. Sometimes countries cannot come to an agreement within one organization. We have this unique format, and we should not miss it.

In conclusion let me talk about renewable energy. Azerbaijan is also paying a lot of attention to that. Our plan is to provide 30 percent of electricity through renewable energy by 2030. In January this year, we signed two agreements on the construction of 440MW wind and solar energy stations with leading companies specializing in renewable energy. This work will be fully implemented through foreign investment. In this connection, we have at least five more proposals. Our country is rich in oil, gas, sun and wind. Several wind farms can be built on the Caspian Sea. There are great opportunities for this. However, I am absolutely sure that we should do this carefully because the 440MW power station should be fully integrated into our system so that in the absence of wind and sunny weather, there are no interruptions in the generation of electricity and power supply is not interrupted. Thank you for the opportunity to bring this issue to your attention.

US helps Uzbekistan to fight coronavirus
US helps Uzbekistan to fight coronavirus
EBRD pledges urgent financing for Azerbaijani companies
EBRD pledges urgent financing for Azerbaijani companies
AsiaMoney magazine names best digital bank in Uzbekistan
AsiaMoney magazine names best digital bank in Uzbekistan
Loading Bars
Latest
134 more die in Iran from COVID-19
OPEC will invite US oil regulator to online meeting on April 6
Azerbaijan’s Baku City Circuit among best F1 circuits of 21st century
Georgia takes measures to lead economy out of crisis
Australia does not recognize so-called “elections” in Nagorno-Karabakh
Rouhani: Iran to facilitate release of necessary goods from customs
Volumes of benzoyl transshipment through Turkish ports disclosed
US helps Uzbekistan to fight coronavirus
Uzbekistan in talks with US to remove country from Jackson-Vanik amendment
Kazakhstan announces wheat, flour volume allowed for export
EBRD pledges urgent financing for Azerbaijani companies
Volumes of diesel transshipment through Turkish ports revealed
Azerbaijani center talks about new exclusive opportunities
AsiaMoney magazine names best digital bank in Uzbekistan
Russia transfers more test systems to Azerbaijan to carry out research on COVID-19
More than 15 million masks produced in Iran
Iranian Red Crescent Society to help the unemployed
Volumes of hexane transshipment through Turkish ports disclosed
Prices for gasoline, diesel fuel decrease in Georgia
Volume of LPG transshipment via Turkish ports revealed
SMS permission to go out does not apply to individuals over 65 in Azerbaijan
Geostat: Consumer Price Index increases in Georgia
Compulsory insurance payments in Azerbaijan up in February 2020
Kazakhstan’s Pavlodar refinery opens tender to attract repair services
Top five countries importing Azerbaijan's non-oil products disclosed
Azerbaijani president attends inauguration of pedestrian crossing at intersection of Moscow Avenue and 20 January Street (PHOTO)
TAP continues all engineering, procurement and construction activities amid COVID-19
Presentation of system related to special quarantine regime held in Azerbaijan
Uzbekistan's Asaka Bank gets recognition from popular European publication
NATO deepens partnership with Georgia
Kazakhstan to construct prefabricated hospitals to battle coronavirus spread
TAP plans to introduce first gas in Albania and then in Italy in coming weeks, months: Murad Heydarov
Azerbaijan's State Border Service: Armenian provocation in direction of Gazakh suppressed
Azerbaijan to ban taxi services via private cars during coronavirus quarantine period
SOCAR discloses volume of investments in Southern Gas Corridor
Kazakhstan's GDP growth may slow down given oil & gas production reduction
Uzbekneftegaz continues to increase gas production of Uzbekistan
Azerbaijani currency rates for April 3
Gold price up in Azerbaijan on April 3
43 more test positive for COVID-19 in Azerbaijan, 6 recover
TOP-10 state non-oil exporting companies in Azerbaijan
Britain's coronavirus peak will be in next few weeks
Kazakhstan's defense industry ventures start medical equipment manufacturing
ADB makes forecast on economic indicators of Georgia
TOP-3 products of Azerbaijan's non-oil export revealed
OPEC+ ministers to hold videoconference
China advises foreign diplomats to stop coming to Beijing
Uzbekistan reports more new COVID-19 cases
Turkmenistan, Ukraine decide to hold regular consultations between MFAs
Number of COVID-19 cases reaches 148 in Georgia
Use of SMS mechanism for elderly for permission to leave home in Azerbaijan explained
Saudi Arabia may seek US, Canada to be part of oil output cut
Third major Kazakh city to be quarantined, to stop coronavirus spread
Fitch Solutions: Dual demand & supply shock puts oil industry in severe stress
Most popular mobile device in Azerbaijan named
Coronavirus to hamper oil and gas projects in emerging economies
Android retains leadership in Azerbaijan's operating systems market
Iran's startup giant Digikala faces rise of online demands amid coronavirus spread
Google releases location data to show if coronavirus lockdowns working in 131 countries
How coronavirus-ready is Iran's telecommunication infrastructure?
SMS messages required to leave home in Azerbaijan during coronavirus to be paid for by state
Azerbaijan's export of goods via “single window” significantly up in March 2020
Payments by foreign bank cards drops in Azerbaijan
Armenia violates ceasefire with Azerbaijan 25 times
Export of Turkey's defense products to world markets down
New Zealand confirms 49 new cases of COVID-19
9 more coronavirus cases detected in Kazakhstan
COVID-19 death toll hits 299 in Brazil, infections reach 7,910
Mexican official says no plans for border closures, as death toll rises
First coronavirus death in Kyrgyzstan
Chinese mainland reports 31 new confirmed COVID-19 cases
S. Korea reports 86 new virus cases, total tops 10,000
UAE reports 210 new COVID-19 cases, 1,024 in total
China to mourn COVID-19 victims on April 4
White House likely to advise people in coronavirus hot spots to wear masks
Global COVID-19 infections exceed 900,000: WHO
Peru, Panama limit men and women to alternate days out to stall virus
First patient under 40 years of age dies from COVID-19 in Moscow
Syria reports 6 new COVID-19 cases
U.S. Navy relieves commander of coronavirus-stricken aircraft carrier
Trump tested again for coronavirus, result was negative -White House
Spain's coronavirus deaths rise above 10,000, yet there is 'glimpse of hope'
Confirmed coronavirus cases top 1 million globally
France's coronavirus death toll jumps as nursing homes included
Georgia reports 134 confirmed cases of coronavirus
Italy reports 760 coronavirus fatalities, 1,431 recoveries in a day
COVID-19 deaths in Turkey rise to 356
Number of global coronavirus fatalities achieves 50,000
Saudi Arabia calls to urgently discuss oil market situation
Iran’s parliament speaker Larijani tests positive for coronavirus
Operational Headquarters of Azerbaijani parliament holds another meeting
Export of cars from Turkey down from January through March
Operational Headquarters under Azerbaijani Cabinet of Ministers decides on movement restriction
IFC takes measures to support business amid coronavirus outbreak
Azerbaijan's Azerenergy reconstructing major strategically important substation
Reserves of Kazakhstan's National Fund decrease
Ambassador: Azerbaijan greatly supported China in most difficult period
Iran mulls over resuming activities in various sectors
Turkmenistan improves national insurance system
Azerbaijan’s large industrial corporation temporarily suspends its activity
All news