BAKU, Azerbaijan, October 24. Exports will be increased through the Baku-Tbilisi-Ceyhan oil pipeline next year, President of the Republic of Azerbaijan Ilham Aliyev said making a press statement with Prime Minister of Georgia Irakli Garibashvili after viewing the “Heritage of Karabakh Khanate” exhibition at Château Mukhrani in Mtskheta Municipality, Trend reports.
"Of course, today we had a broad exchange of views on our future energy policy. As the Prime Minister has also noted, the implemented projects are already successfully operating. We are thinking about new projects. We intend to increase gas exports to world markets. This year we will export 22 billion cubic meters and next year this figure will increase even more. The Memorandum on strategic partnership in the field of energy, signed between the European Commission and Azerbaijan in July of this year, indicates that Azerbaijan will double gas exports to Europe in the next five years. At least this is our intention and we have sufficient capabilities to do that. So we plan that Azerbaijan's gas export to Europe alone will reach 20 billion cubic meters in 2027. Of course, the work to be done in this regard was discussed in a bilateral format, and there is a need for further discussions. At the same time, exports will be increased through the Baku-Tbilisi-Ceyhan oil pipeline next year. We also want to use the Baku-Supsa oil pipeline, which is currently not in operation. We have also talked about this. I informed the Prime Minister about our plans. There is a great need and great potential for this.
The new project to be implemented is related to electricity. Azerbaijan is trying to export its electricity to world markets. Of course, our export direction passes through Georgia. Ten Gigawatts of renewable energy can be used on liberated lands alone. In the Caspian Sea, this number reaches 157 Gigawatts. So this is a figure confirmed by international experts, and it is a very large figure. Of course, producing and exporting this energy is on our agenda in the coming years. Georgia and Azerbaijan will actively cooperate in this and other fields. In short, there are great opportunities to increase the economic potential of our region – energy resources, transport corridors," the head of state said.