Bank Of Baku

Daniel Fried: Azerbaijan has a strategic importance as an alternative supplier of natural gas to Europe

Daniel Fried: Azerbaijan has a strategic importance as an alternative supplier of natural gas to Europe
# 11 December 2007 07:27 (UTC +04:00)
Mr. Fried making report in international conference “Azerbaijan-Turkey-US Relations and its importance for Eurasia” said that Azerbaijan has a strategic importance as an alternative supplier of natural gas to Europe.
“Azerbaijan’s gas reserves should be sufficient to launch—and perhaps complete—a new generation of natural gas pipelines that will link Southern and Central Europe with the Caspian Basin via Turkey, providing several of our European Allies with a viable alternative to a monopoly transport system and a closed investment climate.
The opening of energy development and end to closed, monopolistic transport systems will tend to reduce corruption. Azerbaijan should not repeat mistake of other countries rich in oil and gas,” he said. /APA/
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