Azerbaijan to annually export up to 4 bcm of gas saved with renewable energy to Turkey, Europe

BAKU. May 21 (Interfax) - The implementation of current renewable energy projects will enable Azerbaijan to annually save 3 billion to 4 billion cubic meters of gas, which it will export to Turkey and European countries, President Ilham Aliyev said.

"We are actively working with Hungary in the area of green energy. Azerbaijan has a huge agenda in this field," Aliyev said in Budapest on Tuesday while making a joint statement to the press with Prime Minister Viktor Orban.

"In the coming five years we will produce 6,000 MW of green energy. Production of 500 MW was established in the past two years and 6,000 MW will be provided within five years. I cite all these figures based on contracts, meaning these are projects that will be implemented. Thus, these projects alone will enable us to save about 3 billion-4 billion cubic meters of gas, the main markets for exports of which will, of course, be Turkey and European countries," Aliyev said.

He said Azerbaijan and Hungary are strategic partners and their positions on many issues coincide, they are both landlocked and "face the same challenges," considering the geopolitical situation.

Aliyev also said that Hungary is one of the few countries pursuing an independent policy, which is "fairly difficult, especially within the European Union."