President Ilham Aliyev: ‘The need for Azerbaijani gas is growing’

“The project called solidarity ring including Azerbaijan, Bulgaria, Hungary, Romania, and Slovakia envisages additional interconnectors,” said the President of Azerbaijan, Ilham Aliyev, as he addressed the opening ceremony of the 28th International Caspian Oil & Gas Exhibition (Caspian Oil & Gas) and the 11th Caspian International Power and Green Energy Exhibition (Caspian Power) within the framework of the Baku Energy Week at the Baku Expo Center, Report informs referring to AZERTAC.

“And the geography of our supplies, I'm sure, will expand because the need for Azerbaijani gas is growing. We've been approached by more than 10 countries during the last year and a half, with respect to either increase of supplies or the beginning of supplies. And of course, we want to satisfy the needs of all our friends and definitely to coordinate investments with market opportunities,” the head of state noted.

“I’d like to underline that it will be also important for international financial institutions to support these projects. Though we know that now, with respect to the green energy transition, some international financial institutions stop financing projects based on fossil fuels. I think we need to treat all the issues from a realistic point of view. Today, it is clear that without natural gas supplies, energy security cannot be provided to the degree it is needed,” the Azerbaijani President added.