Azerbaijani gas is not a big factor. Bedros Terzian

Azerbaijan has already used more than a half of its oil reserves and the day is not far when in this regard the great powers aren’t interested in this country.

Bedros Terzian , Chairman of the Hayastan All-Armenian Fund French affiliate, director of Petrostrategies consulting company and renowned specialist in the oil sector said in an interview with “Artsakhpress”.

“Last year Azerbaijan for its own needs bought gas from Turkmenistan. If  in 2019 or 2020 Azerbaijan sends gas to Europe  with the pipeline that is being constructed, it will take many years to be able to get back the investments. The gas volumes that Azerbaijan has are not large.

6 billion cubic metres  to be sold to Turkey.  10 billion cubic- to Europe, which is nothing for Europe in political sense and is not an alternative.

On the other hand the Azerbaijanis have to bring the gas to the borders of Italy, because the signed contracts  impose very strict  conditions and they are far from the gas  contracts’ logic. Therefore,  the Azerbaijani gas is not a big factor, especially since it is so expensive project  in terms of the investment that  the profits will be much smaller,” added Terzian.

According to Terzian, time irreversibly works to the detriment of Azerbaijan. In order to make the time beneficial for us, we must work effectively, developing our country,” said P. Terzian.