Azerbaijan engaged in talks with partners on Southern Gas Corridor expansion

Azerbaijan is holding discussions with its partners on the expansion of the Southern Gas Corridor (SGC) to increase gas supply to Europe, Rovshan Najaf, President of the State Oil Company of Azerbaijan (SOCAR), stated at a panel discussion held on the second day of Baku Energy Week, Report informs.

According to him, for the project to be implemented, it is essential that European partners commit to long-term gas purchase agreements and participate in financing the expansion works.

Najaf noted that several projects aimed at increasing Azerbaijan's gas production are already underway: "The Shah Deniz Compression project is currently ongoing. In addition, production of the first non-associated gas from the Azeri–Chirag–Gunashli (ACG) block has begun. The Babak structure, full-scale development of the Absheron field, and other projects will allow additional gas volumes to enter the market in the coming years. These volumes will be directed both to meeting domestic demand and to expanding export opportunities."

The SOCAR President emphasized Azerbaijan's long-term commitment: "In the long-term perspective, Azerbaijan will continue to increase gas production and play an important role in strengthening the energy security of regional countries."