"The Southern Gas Corridor project is probably also one of the few projects in the modern history where all the leading financial international institutions contributed to its implementation. World Bank, EBRD, Asian Development Bank, EIB, Asian infrastructure and Investment Bank, the leading international financial institutions, provided loans, funds, for this project to be implemented," said President of the Republic of Azerbaijan Ilham Aliyev at the 8th Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory Council which was held at Gulustan Palace, Baku, on February 4, 2022, APA reports.
"So now, we can really be proud of ourselves that this complicated from all points of view, projects have been delivered with the high level of efficiency. And of course, we need to look to the future and I am sure that during today’s session participants will discuss traditional areas of cooperation, our future plans, because as we all know demand for additional source of gas is growing. At the same time, to address issues related to renewable sources of energy, and Azerbaijan actually is doing a lot with respect to its “green energy” policy. As I said, demand for gas from new sources is growing. Azerbaijan, after the completion of the Southern Gas Corridor managed to increase its export to international markets, including, European markets. Last year Azerbaijani export of natural gas was 19 billion cubic meters, 8.5 to Turkiye, almost 7 billion to Italy and the rest to other members of the team-Georgia, Greece, Bulgaria. I am sure that as soon as our member of our team Albania completes its gas distribution network. Albania also will be a recipient of Azerbaijani gas," said President Ilham Aliyev.
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