Azerbaijan may hike gas exports to Greece
Azerbaijan is making every effort to boost
Europe`s energy security and counting on exports of its gas to
European markets through Greece, President Ilham Aliyev said in
Athens on Monday.
"Azerbaijan`s natural gas has been supplied to the Greek market and
further to [other parts of] Europe for over a year. It is beyond a
doubt that much more can be done in this direction," Russian RIA
Novosti news agency quoted Aliyev as saying after meeting his Greek
counterpart Karolos Papoulias.
Greece intends to sign a bilateral agreement with Azerbaijan on
direct purchases of gas, Greek Prime Minister Konstandinos
Karamanlis has said.
"We are ready to sign commercial contracts on the supplies of
natural gas directly from Azerbaijan," Karamanlis told a joint
business forum on Tuesday. He did not specify when the planned deal
would be signed.
Karamanlis said further that Greece was seeking to buy 1 billion
cubic meters of gas a year from the resource-rich South Caucasus
republic. The volume will be used to meet domestic demand until the
Turkey-Greece-Italy (TGI) gas pipeline becomes operational.
The Greek premier reiterated that Athens was interested in
implementing the project on the planned TGI conduit that will pump
gas, including that from Azerbaijan, to European markets.
Azerbaijan, Turkey, Greece and Italy are participating in a joint
project on a transit gas pipeline that is to link Turkey with
western Europe and become one of the five main routes for gas
transportation in the European Union. The project also aims to turn
the mentioned three European countries into major transit states
for transporting natural gas from the Caspian basin, the Middle
East and northern Africa.
Azerbaijan produces most of its gas from the major Shahdaniz field
in the Caspian Sea. The country`s estimated gas reserves amount to
at least 2 trillion cubic meters.
Agreements
Following the presidents` talks, Baku and Athens put pen to four
documents - agreements covering cancellation of double taxation,
cooperation in the field of aviation and in the areas of
technologies, information and communications, as well as a
memorandum of understanding on the use of renewable energy
resources and energy efficiency.
The Greek leader noted that energy issues, investments, commerce,
collaboration in the fields of culture and education represented
priorities for Azerbaijan and Greece.
The parties also discussed the situation in the Caucasus, the
Middle East and the Balkan regions. Also, the Armenia-Azerbaijan
Upper (Nagorno) Garabagh conflict was touched upon at the
initiative of Baku, and the Cyprus problem was discussed at the
initiative of Athens.
President Aliyev invited the Greek leader to visit Baku, and the
invitation was accepted.
Aliyev had arrived in Greece on Sunday for a three-day official
visit.
Azerbaijan and Greece established diplomatic ties in April 1992. In
May 1993, the Greek embassy opened in the South Caucasus republic,
while the Azerbaijani embassy opened in Athens in April
2004.
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