Azerbaijan has no hopes of Turkey

Azerbaijan’s President Ilham Aliyev said at Government that unresolved issue of transit between Azerbaijan and Turkey makes Azerbaijan look for new markets, report Russian media sources.

President Aliyev says the county cannot export gas to Europe because Turkey’s transit-price exceeded market prices by 70%. Herewith Azerbaijan sells its gas to Turkey at a one-third price of world standards. Besides, says the President, failed transit issues led to delay of the second stage of the project of world's largest gas condensate fields of Shah Deniz field in the Caspian shelf, which requires injections of $20 billion.

That is why Azerbaijan signed an agreement with Russia’s Gazprom to export gas to Russia. He also said that the country can provide gas to Iran as well as to EU-countries bypassing Turkey via the Black Sea.