Economy
Posted: 4 weeks ago

Georgia and Azerbaijan Forge Ahead with Vital Infrastructure and Energy Projects, Strengthening Regional Ties

In a recent press conference following discussions with Georgia's Prime Minister Irakli Kobakhidze, Azerbaijani President Ilham Aliyev highlighted the critical role both countries play in the region and across the Eurasian continent through their collaborative efforts in infrastructure, transport, and energy projects.

President Aliyev emphasized the strategic importance of the joint ventures, noting, "Together, Georgia and Azerbaijan not only bolster our economic sovereignty but also emerge as pivotal nations for the region and the Eurasian landmass at large. We're advancing significant projects in infrastructure, transport, and energy sectors, all of which hold immense importance for numerous countries."

He revealed plans for further collaboration, particularly in transportation, anticipating new infrastructure initiatives that will enhance connectivity for many nations. "Especially with the Baku-Tbilisi-Kars railway and its forthcoming extension, we're looking at one of our monumental achievements. We've boosted its capacity from one to five billion tons, and we're on track to complete this project within two months. This railway's operation will capture the interest of many countries," Aliyev added.

The discussions also covered the Southern Natural Gas Advisory Groups, with high-level Georgian delegations expected to participate actively. Aliyev pointed out, "Azerbaijan, Georgia, and Turkey spearhead these initiatives, crucial for the supply of natural gas from Azerbaijan through Georgia. Currently, eight countries purchase Azerbaijani natural gas, and we anticipate this number, along with the countries dependent on our energy resources, to grow."

Recognizing the nuances of the international energy market, Aliyev underscored the increasing demand for Azerbaijani natural gas, especially in Europe. "With ample financial resources and investment capabilities, combined with trustworthy partnerships with Georgia and extensive transit opportunities, our collective efforts will enable numerous countries to secure reliable energy sources in the upcoming years," Aliyev concluded.