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Azerbaijan investing billions of dollars for realization of SGC soon – president

“Of course, energy issues are priority in relations between Azerbaijan and the EU. Azerbaijan is playing and will play its role in ensuring of energy security of Europe. Azerbaijan is an only new gas source for Europe. This is our advantage”, President of Azerbaijan Ilham Aliyev said in the joint press conference with Latvian counterpart.

He noted that the Southern Gas Corridor (SGC) is being implemented successfully: “It’s needed $40 billion for creation of the corridor. Major part of this investment has been made. Azerbaijan is investing billions of dollars for realization of this corridor. I’m sure that the first stage will be completed next year, the second and the last stage in 2020. So, our strategic links with Europe will move to higher position”.

 

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