Minister of Energy of the Azerbaijan Republic attends the 5th summit and ministerial meeting of the Gas Exporting Countries Forum (GECF) in Malabo, the capital of the Equatorial Guinea.
Minister of Energy has conveyed greetings of the President of the Azerbaijan Republic on the occasion of the 5th summit.
Addressing the summit, the minister spoke about trends on the global gas market and about gas export projects ongoing in Azerbaijan. The minister noted that the demand, which has been growing in recent years for natural gas as for a low carbon energy source, helped to implement new projects and accelerated diversification of sources and routes, meanwhile ensuring gas industry development. The minister also touched the expected shift to such renewable sources as biogas, biomethane and hydrogen.
Minister Parviz Shakhbazov also spoke about projects of Azerbaijani importers of energy resources, which help them to become gas exporters and promote energy security. Referring to regional and global significance of the final project of the Southern Gas Corridor, he said: “TANAP which plays an important role in development of the Southern Gas Corridor is ready to deliver natural gas to Europe. Natural gas will be supplied from the Caspian to Europe via the Southern Gas Corridor in the second half of 2020. Reconstruction of the energy map of the world by another global project of the country which has no access to the sea is the result of the consecutive and long-term energy policy implemented by President Ilham Aliyev. This policy is based on interests of all parties and creation of the mutually beneficial environment for global cooperation”.
Participating in the summit were Secretary General of GECF Yuri Senturin, Secretary General of OPEC Mohammed Barkindo, Russia’s Minister of Energy Alexander Novak and Minister of Mineral Resources and Petroleum of Egypt Tarek El-Molla.
