Official: US May Invest In Azerbaijan's Green Energy
(MENAFN- AzerNews)
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Sabina Mammadli read more The US may invest in Azerbaijan's green energy production and
exports, US Deputy Assistant Secretary for Energy diplomacy in the
Bureau of Energy Resources Laura Lochman said, Azernews
reports.
The official made the remarks at the 9th Southern Gas
Corridor Advisory Council Ministerial Meeting in Baku.
Noting that the parties aim at further developing
cooperation, she added that US President Joe Biden supports the
issue of gas exports from the Caspian Sea to Europe.
'The US has supported and will continue to support the
Southern Gas Corridor project to ensure the energy security of its
European partners. This corridor is a very important project for
Europe, and Azerbaijan plays a leading role in ensuring energy
security,' she emphasized.
Additionally, Lochman stressed that the Southern
Corridor plays a crucial role in strengthening not only the energy
but also the political security of Europe.
'It creates opportunities for cooperation between many
countries, which, using this opportunity, can ensure their economic
growth. The US will continue to support the transportation of
natural gas produced in the Caspian Sea to Europe and help
Azerbaijan in this,' she said.
In 2023, Azerbaijan plans to increase gas supplies to Europe to
11bn cu.m. As of 2022, Azerbaijan has exported 9.3 billion cubic
meters of gas to Europe in the first 10 months and is expected to
supply 11.5bn cu. m. of gas to Europe by the end of the year.
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