On May 31, Ilham Aliyev, the President of Azerbaijan, attended the opening of the 28th International Caspian Oil & Gas Exhibition (Caspian Oil & Gas) and the 11th Caspian International Power and Green Energy Exhibition (Caspian Power) within the framework of the Baku Energy Week at the Baku Expo Center, the Press Office of the Azerbaijani President reported.

Aliyev reminded, "In July, the European Commission and Azerbaijan, as I already said, signed the MoU on strategic partnership in the energy field. And we plan to double our gas supply to the European Union market by 2027. This is absolutely realistic. If we look at the dynamic of our gas supply to Europe, we'll see that it was 8 billion cubic meters last year; this year, it will be 12 cm. And this is almost half of our total exports. And the sources to increase up to 20 cm minimum by 2027 are available. One of them is our major gas field Shahdeniz, and we hope to hear very good news from the other gas field Absheron. We hope to hear good news about the first gas from Absheron soon. I would even say very soon."

He added: "We are already totally engaged with our strategic partner BP concerning the production of so-called deep gas from the ACG projects, and if everything goes according to our plan, by the end of next year, we will have the first gas production. We have many other fields capable of producing an additional volume of gas. At the same time, energy efficiency and renewable energy sources are also a part of our energy dialogue with the EU. It will allow us to save the gas we use for electricity and supply it to international markets."

Regarding agreement on green energy and transmission, the President emphasized, "There was also an important event last December in the area of green energy in Bucharest. Several countries, including Azerbaijan, Georgia, Hungary, and Romania, as well as the President of the European Commission, attended the ceremony. An agreement on green energy and transmission was signed. I am sure it will be a global project and attract more countries and companies. We already held the first meeting of the steering committee. We agreed it will be an integrated project from offshore winds in the Azerbaijani sector of the Caspian Sea to European markets, including transmission lines and subsea cable under the Black Sea."

Aliyev stated: "Among important events, I also would like to name the ceremony initiated by the President of Bulgaria, which took place this April in Sofia. The solidarity ring project, including Azerbaijan, Bulgaria, Hungary, Romania, and Slovakia, envisages additional interconnectors. Therefore, when European Union high-ranking officials called Azerbaijan a Pan-European gas supplier, they were absolutely right."