Azerbaijan is planning to increase electricity and natural gas exports to Europe, with the latter to use pipelines located in Georgia, president Ilham Aliyev said in a joint press conference with Georgian prime minister Irakli Garibashvili on Monday.
The move would increase the turnover of the Baku-Tbilisi-Ceyhan and Baku-Supsa oil pipelines, resulting in Azerbaijan’s increased trade turnover with Georgia as well.
Aliyev said he had discussed the future energy policy of Azerbaijan with Garibashvili and that the officials had exchanged opinions about the energy projects already implemented between the two countries.
"Operationally, these projects are very successful and we look forward to launching new projects to increase natural gas exports to international markets. We are going to export 22 million cubic tonnes and increase this volume in the coming years”, he told the press briefing.
“This year we signed a memorandum between Azerbaijan and the European Commission, and within the next five years Azerbaijan plans to double its natural gas exports to Europe. We have the opportunity to do so, and we intend to export almost 20 billion cubic metres of natural gas to Europe by 2027. Naturally, we discussed this issue with the prime minister of Georgia", Aliyev said, adding the move would see exports through the Baku-Tbilisi-Ceyhan pipeline “surge”.
"We also intend to use the Baku-Supsa oil pipeline, which is now inactive but which we intend to reactivate”, he added.
Azerbaijan also plans to export electricity to international markets, and “our route will definitely pass through Georgia,” he said, highlighting his hope to see the two states successfully cooperate in the process.
"We have the opportunity to export 157 megawatts [...] As in other directions, we believe that Azerbaijan and Georgia will successfully cooperate in this direction as well. In general, the potential of our cooperation [and] prosperity will increase", the visiting official pointed out.
In reference to the trade turnover between Georgia and Azerbaijan, which he said was “soaring”, Aliyev said Azerbaijan had invested $3 billion in Georgia, and added the investments would be “mutually beneficial”.
"In the last nine months, we have exceeded $1 billion in trade turnover, and Azerbaijan has invested significant amounts in Georgia [...] I should also emphasise the fact that cargo turnover between Georgia and Azerbaijan has increased by 75 percent. Baku-Tbilisi-Kars [railway] may also be used to load five million tonnes [of freight], and next year we will invest more capital in this corridor", Aliyev said.
The Azerbaijani president arrived in Tbilisi this morning for a working visit.