Azerbaijani President: in 2024, gas production volumes will reach 50 bcm for the first time

Azerbaijani President Ilham Aliyev has rejected accusations that the republic is re-exporting Russian gas. "You have probably heard that Azerbaijan has again been accused of reselling Russian gas to Europe. And this is another completely fake news. I will give just one example: yes, we contracted 1 bcm of gas from Russia when the price on international markets was very high, the price of Russian gas was affordable. It was a purely commercial transaction, nothing more. We export 25 bcm and import only 1 bcm. So, the accusations that we are a kind of channel for the export of Russian gas are absolutely unfair. It was an absolute lie," he said in Shusha at the Second Shusha Global Media Forum on the topic "Exposing false Narratives: Fighting disinformation."

Our goal is to double the transportation of Azerbaijani gas to Europe, and we are moving in this direction, Azerbaijani President Ilham Aliyev  stated at the Second Shusha Global Media Forum on the topic "Exposing false narratives: fighting disinformation."

Today Europe is in dire need of our natural gas, Azerbaijani President Ilham Aliyev at the Second Shusha Global Media Forum on the topic "Exposing false narratives: fighting disinformation." Noting that it is important to put an end to hypocrisy in this matter, the head of state said: "On the one hand, Europe is asking us to increase production and transport gas to Europe, as it seriously needs it. On the other hand, they don't finance it."

The Indian company ONGC “Videsh Limited” has signed a final agreement with the Norwegian Equinor on the purchase and sale of 0.615% of equity participation in the Azeri-Chirag-Guneshli project and the acquisition of 0.737% of shares in the BTC Co pipeline company, which is the operator of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, the official message of the Indian company. It notes that the total investment in these transactions will amount to $60 million. The deal will be completed in the coming months.