17:39 GMT +323 November 2017
Live
    Caspian Sea leaders summit in Tehran, Iran

    Azerbaijan Invites Iran to Join TANAP Gas Pipeline Project

    © AP Photo/ Vahid Salemi
    Europe
    Get short URL
    12023187

    Azerbaijan’s Energy Minister announced that Iran may join the Trans-Anatolian Gas Pipeline project.

    Natig Aliyev made the remarks during the Caspian Oil and Gas Conference in Baku, Irna news agency reported on Thursday.

    Iran with its rich energy resources is seriously interested in cooperation with Azerbaijan and can play an important role in providing energy security in Europe, Aliyev said.

    So, Iran would be able join Trans-Anatolian Gas Pipeline project implemented by Azerbaijan, the minister added.

    Azerbaijan produced 42 million tons of oil and 29 billion cubic meters of gas last year.

    Aliyev said that his country plans to maintain oil production at the level of up to 45 million tons annually, while the volume of gas production is to be doubled.

    “We plan to start implementation of a new gas program, including its production, processing and export by such gas production volumes.”

    He predicted that demand for gas in the European Union will grow before 2035.

    Iran's Ambassador to Baku also said Tehran was considering joining to the Trans-Anatolian pipeline.

    Mohsen Pakaein told Trend News Agency that presence on the global gas market was among Iran's main policies.

    He said that Iran has the world's second largest reserves of gas after Russia and confirmed that Iran had been invited to participate in the Trans-Adriatic gas project as well as Trans-Anatolian gas project (TANAP), the Irna report said.

    Related:

    Iran May Buy Stake in TANAP Gas Pipeline – Turkish Energy Minister
    Azerbaijan-EU Gas Pipeline Construction Ahead of Schedule – Energy Minister
    Tags:
    cooperation, Trans-Anatolian Natural Gas Pipeline (TANAP), Azerbaijan's Energy Ministry, Mohsen Pakaein, Natig Aliyev, Azerbaijan
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment