News.Az: SOCAR President: We Are Ready to Cover Europe's Gas Needs
Azerbaijan is ready to cover Europe’s need for natural gas, president of the State Oil Company of the Republic of Azerbaijan (SOCAR) Rovnag Abdullayev said.
At a press conference in Istanbul Hotel Grand Tarabya, SOCAR president said that the proven gas reserves in Azerbaijan are estimated at $ 3 trillion cubic meters and the basis for the development of energy cooperation between Baku and the European Union is a project of the Southern Gas Corridor.
According to him, with the introduction of new gas capacities, the export potential of Azerbaijan will not fall below 40-50 billion cubic meters per year by 2025.