“Meanwhile, Azerbaijan will be main gas exported. In the near future, very significant projects will be implemented in Azerbaijan. These projects will allow us to become gas exporter. For instance, Southern Gas Corridor. Many countries have good intension regarding this project. There is not any financial problem. The financial issues will be carried out by Azerbaijan and its partners. This project will allow us to deliver natural gas to European markets”, the Minister said.
Aliyev noted that Azerbaijan has large oil and gas reserves: “If we take into account that Azerbaijan is not so big country, we rank 10th for per head oil and gas reserves. Oil production was at low level 10 years ago”.
He also said that Azerbaijan increased production during past decade: “Last year, the country produced 42 mln tonnes. Gas production made 5 bcm I 2003, but not it makes 29 bcm. Our reserves make 2.6 trillion cm. Ths means that we’re able to keep gas production unchanged for over 90 years”.
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