“In Azerbaijan, there are enough gas reserves to meet the needs of the European Union.” This was announced at the conference at the Baku Energy Forum by the temporarily acting President SOCAR Rovshan Najaf.
According to him, the current infrastructure of gas transportation to the markets of European countries does not allow the supply of natural gas in the right volumes.
“In this sector in recent years, there were fewer investments than in the oil industry. We have sufficient gas reserves in our country to meet the needs of the EU countries, but the infrastructure does not allow gas to supply in the right volumes. Work is underway to attract financial organizations to Investment and expansion of the pipeline infrastructure of Azerbaijan, in particular, are also needed by players who are ready to support our country in gas production, ”said Rovshan Najaf.
He emphasized that in subsequent years, the demand for natural gas will grow, adding that Socar together with his partners will increase the production of natural gas.