President of Azerbaijan Ilham Aliyev and Bulgarian Prime Minister Boyko Borisov made statements for the press after the official meeting. During the press conference Azerbaijani President Ilham Aliyev stated that in the economic sphere the parties should try to increase the volume of trade turnover, since it is not at the proper level at present.
“Of course, the main topic of the talks was related to the energy sector. As you know, we are partners in this field. Azerbaijan and Bulgaria, along with other countries, provide the implementation of the Southern Gas Corridor. Azerbaijan has rich gas fields. The confirmed gas reserves are 2.6 trillion cubic meters. The construction of the Southern Gas Corridor will be our next contribution to the energy security of Europe. At present, Azerbaijani oil provides energy security for many European countries, and in the near future the same function will be performed by Azerbaijani gas,” the head of state said.
According to him, the implementation of the Shah Deniz 2 project is complete by 99 percent. Shah Deniz 2 is the main resource base of the Southern Gas Corridor. At the same time, this year it is planned to complete the TANAP project. It has been completed by 90 percent. The work proceeds on the schedule, and this giant project is being successfully implemented. After the implementation of the Southern Gas Corridor, the issues of Europe’s energy security will be built on an even more solid foundation.
“Taking into account that 1 billion cubic meters of Azerbaijani gas will be transported to Bulgaria within a few years, today, together with the Prime Minister, we instructed the heads of the relevant structures to shortly study the issues related to the gasification of Bulgaria by the Azerbaijani company SOCAR and to provide information about opportunities,” the head of state said.
