Natik Aliyev: "It is not profitable for Azerbaijan, as a gas reserves owner, to make forecasts for 5 and 10 years"

Georgia's initiative on signing a long-term agreement on supplies of Azerbaijani gas is not supported in Azerbaijan, Azerbaijani Minister of Industry and Energy Natik Aliyev told reporters.

He explained that long-term contracts are frequently violated and therefore, they should be signed for a year.

"It is not profitable for Azerbaijan, as a gas reserves owner, to make forecasts for 5 and 10 years. Short-term agreements work well and are effective of goods owners", said Aliyev.

On the basis of short-term contracts Georgia receives Azerbaijani gas from Shah Deniz, Azerigaz and the State Oil Company of Azerbaijan.

/Georgia-Online/