Azerbaijan has enough reserves to increase gas supplies to Europe

By Ayya Lmahamad Deputy Energy Minister Elnur Soltanov has said that Azerbaijan has sufficient reserves to increase gas supplies to Europe, local media reported, citing Anadolu. He pointed out that, unlike the oil market, natural gas exports are increased only in response to specific consumer requests. “Unlike oil market, gas fields are developed only in case of existence of buyers and signed agreements,” he said. He added that it is very difficult to balance supply and demand for oil and gas without a strategic vision and it takes about six to seven years to start production at a new field. “…

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