“As soon as the memorandum of understanding with the European Commission for increasing gas supplies to Europe was signed, we in Azerbaijan began active work on finding additional opportunities for supplying larger gas. Now, in addition to mining from new deposits that we expect, to, to. An example, this year, and the increase in extraction from … the Shahdeniz deposits, we are also working on energy efficiency within the country. ” In particular, the president of Azerbaijan Ilham Aliyev at the 9th ministerial meeting as part of the advisory council on the southern gas corridor and the 1st ministerial meeting as part of the Advisory Council on Green Energy said this.
The head of state indicated that in Azerbaijan they are working “on a loss to reduce losses. We are working on a program for combining our internal needs in electricity and natural gas to save more gas, which we are now using for the production of electricity in Azerbaijan for export”.
According to the president, “the export of natural gas from Azerbaijan is growing. In 2021, it amounted to about 19 billion cubic meters, last year – 22.6 billion cubic meters. And this year we expect 24.5 billion cubic meters. This means that this means that it means that that the memorandum of understanding with the European Commission is successfully fulfilled “.
The head of state also emphasized that Azerbaijan expands the geography of gas supplies. “As for natural gas, I have already said many times that we have reserves of natural gas, which will be enough for us and our partners for at least 100 years,” he added.
Ilham Aliyev also noted that the signing of a memorandum of mutual understanding between Azerbaijan and Hungary for gas supplies expands the number of countries “included in our team. And all this, firstly, of close political relations between the participating countries, active coordination and Effective leadership of our efforts by the European Commission and Azerbaijan. “
The president emphasized that this is also a reflection of the energy dialogue that was started between the European Union and Azerbaijan and which covers natural gas, electricity, hydrogen, and green hydrogen.
“I think this is a very unique and very effective format for our cooperation,” the head of state added.