Ilham Aliyev: We are planning on at least doubling our gas exports to Europe in coming years

“According to the Memorandum signed with the European Union, we are planning on at least doubling our gas exports to Europe in the coming years,” Azerbaijani President Ilham Aliyev said in an interview with the Azerbaijani TV channels in Prague on October 6, Report informs referring to AzerTag.

“We have been implementing our energy projects for many years now. The current geopolitical situation in the world has dramatically increased the demand for our resources. I could put it this way – it has so happened that when all our projects are ready, the demand for gas in Europe has further increased. Recently, at the opening ceremony of the Greece-Bulgaria Interconnector in Bulgaria, I mentioned that we increased our gas exports by 40 percent last year compared to the previous year. This year we will increase them by a further about 30-40 percent. Of course, this requires large investments, and we are ready to go for it and are already going for it. This is why, according to the Memorandum signed with the European Union, we are planning on at least doubling our gas exports to Europe in the coming years.”