Ilham Aliyev: Azerbaijan will be very important strategic energy partner for Europe

Azerbaijan will be a very important strategic energy partner for Europe – in fact, not only for Europe, but also for the rest of the world, Azerbaijani President Ilham Aliyev said in an interview with the Azerbaijani TV channels in Prague on October 6, Report informs referring to AzerTag.

“At the same time, the use of renewable energy in Azerbaijan will free up large volumes of natural gas. Also, as a result of increasing the efficiency of the energy industry, losses will be reduced to a certain extent and we will not have so much losses. Therefore, it is somewhat difficult to imagine our possible gas export capacity today, because it could be even more. We provide a very conservative assessment of these volumes, of course. We are only voicing the figures we are sure will come true. But I am sure there will be more. Both our gas and oil, as well as electricity, will be exported to the European continent. Specific programs are now being developed to achieve this, and perhaps it is too early to talk about it. But I do hope that there will be a very serious progress in this area in the next six to seven months. Therefore, Azerbaijan will be a very important strategic energy partner for Europe – in fact, not only for Europe, but also for the rest of the world.”