Bank Of Baku

GUAM Secretary General: “Azerbaijan can export 40 billion cubic meters of natural gas to Europe in the next ten years”

GUAM Secretary General: “Azerbaijan can export 40 billion cubic meters of natural gas to Europe in the next ten years”
# 10 October 2011 10:04 (UTC +04:00)
Chechelashvili said 60-70 billion cubic meters of natural gas should be delivered to the European markets from various sources and touching upon the newly-discovered gas fields in Azerbaijan, added that Azerbaijan considered 54 billion cubic meters gas production in the next ten years. “Considering Azerbaijan’s 10-15 billion cubic meters of domestic need, we can expect 40 billion cubic meters gas export from Azerbaijan in the next ten years”.

Chechelashvili added that there are three prospective projects – Nabucco, White Stream and LNG - for transportation of Azerbaijani gas to Europe
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