Azerbaijan to play significant role in diversification of European energy supply

Oil&Gas Materials 22 September 2011 11:10

Azerbaijan, Baku Sept. 22 / Trend A.Badalova /

Now Europe needs more gas supply sources and in this term Azerbaijan will play a great role, Philippe Hochart, GDF Suez Vice President for Caspian and Middle East said at the third Annual Gas Infrastructure World Caspian conference.

The world is fac ing uncertainty in gas supplies due to political unrest in the countries of North Africa and Middle East, Hocgart believes.

The latest catastrophe in Japan has also made actual the diversification of energy supply , he added.

According to Hochart, gas will play significant role on the European energy market.

Hochart believes that the main way to provide reliable and secure supplies is to establish str ong partnership between producers, consumers and oil and gas companies.

Today a big importance is attached to the realization of the Southern Gas Corridor, Hochart noted.

According to Hochart, Europe very much appreciatesAzerbaijan 's in develop ing oil and gas fields and supply ing hydrocarbons to the world markets.