Bank Of Baku

Without energy security and predictability no country can plan its future development, Ilham Aliyev, the President of Azerbaijan

Without energy security and predictability no country can plan its future development, Ilham Aliyev, the President of Azerbaijan
# 03 February 2012 19:21 (UTC +04:00)
“We are in a very unique situation. Because, first, we need the European market, secondly because it is the market regulated by legislation and law norms, and of course this is a growing market of our partners. And European markets needs alternative sources supplies.
We are talking a lot about diversification and energy security and these two issues are directly linked. But when we are talking about energy security and diversification for European consumers, I think first we should talk about diversification of sources rather than diversification of roots with the same sources. This diversification is also important. So Azerbaijan is a new big source for European consumers and if we succeed in implementation of our plans in building a strong Southern Gas Corridor we will enter into the period of very fruitful mutual cooperation in energy area for decades ahead. Therefore, the energy security now becomes and already became an important issue of national security and we, as producers, understand this and want our partners treated the same way. Without energy security and predictability no country can plan its future development.
Azerbaijan is a country with resources with commitments… and with strong ties with European institutions”, said Ilham Aliyev.
The President of Azerbaijan underlined that Azerbaijan pays attention to protection of the environment.
“Azerbaijan as a country that takes care about its natural resources and its nature. For decades, for more than a century oil resources of Azerbaijan were developed without any respect to the environment. Today our responsibility is to clean up all that legacy from the decades of production of oil offshore or onshore to contribute to the course of global environment protection. Taking into account and regardless the fact that we have oil and gas and markets we now invest in renewable energy. We think that this is a part of our responsibility We invest in solar, wind energy not because we need this and not because we need it like substantial part of our energy balance, but we treat it as our responsibility in front of the past and future generation.
Azerbaijan is ready to play its role to provide energy security and diversification and to protect our nature” said Ilham Aliyev, the President of Azerbijan.







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