BAKU, Azerbaijan, June 2. Azerbaijan is ready
to increase gas supplies and expand the Southern Gas Corridor, but
this requires long-term gas purchase agreements and financing for
the expansion project, SOCAR President Rovshan Najaf said at a
session on"Executive Talks: Leadership Perspectives on Energy
Transition and Future Strategies" within the framework of Baku
Energy Week, Trend
reports.
According to him, the company's key priority remains the
reliable and sustainable energy supply to customers in the region
and its contribution to strengthening regional energy security.
Najaf noted that the geography of deliveries has expanded
compared to last year.
"Currently, this includes not only Europe, Georgia, and Türkiye,
but also Syria, where Azerbaijan also supplies gas.
Our partners are interested in additional gas volumes, which
will be supplied on a sustainable basis. Under current conditions,
Azerbaijani gas is one of the most reliable sources of supply in
the region," he said.
SOCAR's president emphasized that the company is working with
its partners to implement production plans to increase gas volumes
supplied to regional markets.
One of the priority areas, he said, remains the expansion of the
Southern Gas Corridor to increase gas supplies to Europe.
"We are ready to supply more gas and are ready for expansion,
but we will require cooperation and commitment from our European
partners in the form of long-term gas purchase agreements and
financing for this expansion project," Najaf added.
