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Huge potential, experience allowed to invest in renewable energy sources - President Ilham Aliyev

Politics Materials 1 June 2022 17:06
Huge potential, experience allowed to invest in renewable energy sources - President Ilham Aliyev

BAKU, Azerbaijan, June 1. Huge potential and experience allowed to invest in renewable energy sources, President of Azerbaijan Ilham Aliyev said at the official opening ceremony of the 27th International Caspian Oil and Gas Exhibition within the Baku Energy Week, Trend reports.

"The Southern Gas Corridor is the project which we can be proud of, at the same time, it allows us to increase production from huge Shah Daniz gas condensate field, and it happens. It’s only one year and five months that Azerbaijan is using this brand new modern infrastructure to transport its gas reserves. But already the expansion of our presence on European continent with our natural resources is something which is needed for us and for our partners. We managed to increase the production and our export. Last year Azerbaijan exported 22 billion cubic meters of natural gas, this year the projection is 24, and the next year it will be even more. There can be different figures depending on the activity of production and also on activation of other fields which are situated in Azerbaijani sector of the Caspian Sea, because our gas potential is not limited only with Shah Daniz. Other fields are also very promising. Some of them will start production next year. So that will be an important contribution to energy security, especially now, when the demand for Azerbaijani hydro carbons is more than ever before. And we, as a responsible country take that into account and we try to support countries which due to different reasons face difficulties. Now corresponding structures of Azerbaijan are in permanent contact with growing number of countries," the head of state said.

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