Azerbaijan hopes to enter the European natural gas market in the future, Trend reports quoting Elmar Mammadyarov, the Azerbaijani Foreign Minister, as stating at the Heritage Fund, one of the biggest scientific-research centers in Washington.
Azerbaijan intends to export the gas via the Baku-Tbilisi-Erzurum pipeline with capacity 16bn cu m of gas per year. According to Mammadyarov, the construction of the pipeline will probably completed by late 2006. It meets the countrys interests, as it will allow Azerbaijan to reduce gas import from Russia and Iran, taking into consideration rising prices. We will be all-sufficient in this point of view, he noted.
The Minister said Azerbaijan had already signed a contract on sale of gas to Georgia via the Baku-Tbiulisi-Eruzrum pipeline. Azerbaijan and Georgia are currently discussing possible increase of such deliveries. Nevertheless, the result of the negotiations will depend on the course of development of the Shah-Daniz field on the shelf of the Caspian Sea in 70 km to the south-east from Baku and increase of capital investment in this process. He stressed Azerbaijan would be able to deliver raw materials to any point of Europe through the Turkish gas system after commissioning of the Baku-Tbilisi-Erzurum pipeline, ITAR-TASS reports.