Bank Of Baku

USA supports principle of diversification of energy sources

USA supports principle of diversification of energy sources
# 13 November 2008 11:12 (UTC +04:00)
Baku. Victoria Dementyeva–APA. “Oil and gas countries should not fear of decline in gas price”, said US Secretary of Energy Samuel Bodman at the round table in Baku on Thursday, APA reports. Bodman said one of the factors influenced on the oil price was a huge number of alternative energy suppliers. “Diversification of energy sources is an important factor. The United States always advocates for this principle and supports it now. This factor has an impact on the oil price in the world market”.
US Special Envoy for Energy Boyden Gray said various economic changes had an impact on the oil price. “Decline in the prices observing now is temporary, because Europe’s need in oil and gas is not reducing, which makes energy resources of the supplier countries like Azerbaijan needful”.
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