(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 1. Azerbaijan provides a
stable pricing policy for the energy market, First Deputy
Vice-President of the State Oil Company of the Republic of
Azerbaijan (SOCAR) Vitaliy Baylarbayov said during the Baku Energy
Week, Trend reports.
According to him, Azerbaijan, having signed both bilateral and
multilateral gas contracts with partners from the European Union,
ensures the energy security of this region, and also balances the
pricing policy of this market.
"Prices for Azerbaijani gas don't change. We have signed
long-term contracts with partners, within which prices remain
stable, regardless of market prices," he added.
The Baku Energy Week is taking place in the capital of
Azerbaijan, combining three prestigievents under one brand from
May 31 to June 3.
The 28th International Caspian Oil&Gas Exhibition (Caspian
Oil & Gas) and the 11th Caspian International Power and Green
Energy Exhibition (Caspian Power) are being held within the
framework of the Baku Energy Week.
Baku Energy Week is traditionally held with the support of the
Ministry of Energy and SOCAR.
Besides Azerbaijan, the US, Germany, Austria, Belarus, UAE,
Bulgaria, UK, Vietnam, China, Algeria, Philippines, Finland,
France, Georgia, Spain, Israel, Sweden, Switzerland, Italy, Canada,
Kuwait, Kazakhstan, Hungary, Monaco, the Netherlands, Norway,
Uzbekistan, Romania, Russia, Serbia, Saudi Arabia, Singapore,
Thailand, Türkiye and Japan are represented at the event.