Azerbaijan cooperates with European Commission to increase gas supply to Europe

Baku, June 17 (IANS) Azerbaijani President Ilham Aliyev has announced that his country is cooperating with the European Commission to increase gas supplies to Europe.

Speaking at a traditional World Forum in Baku, Aliyev said the situation in Europe had changed dramatically, Xinhua news agency reported. “Azerbaijan’s demand for energy resources is growing in Europe and we are doing everything we can to meet the growing demand,” he added.

Aliyev said that in recent years a number of European countries have approached Azerbaijan over gas supply. “And we are now cooperating with the European Commission on this issue.”

He described the situation in the global energy markets as unpredictable, saying it also leads to a disparity between producers and consumers and this also poses a risk to producers.

“If anyone thinks that oil and gas-producing countries are very happy with these high prices, that’s a bad assessment. The balance of interests between producers, consumers, a stable market, that’s what the producers really need and the efforts of OPEC more where Azerbaijan actively participates in this.”

Earlier, the Azerbaijani leader said the country’s gas supply stood at 20 billion cubic meters last year, adding that Azerbaijan plans to supply 24 billion cubic meters of gas in 2022, of which more of 10 billion cubic meters to Europe.

At the end of 2020, Azerbaijan announced the start of commercial gas deliveries to Europe from the Shah Deniz field in the Caspian Sea via the Southern Gas Corridor.

The country now supplies gas to Turkey, Georgia, Greece, Bulgaria and Italy.

The 9th Baku World Forum kicked off in Baku on Thursday under the theme “Challenges to the Global World Order”. The three-day event brings together high-level delegates from 50 countries, including presidents, former heads of state and government, heads of international organizations and other dignitaries.