Azerbaijan will not compete with Russia at European gas markets

Vice President of the Azeri state oil company Vitaly Beglarbekov stated on June 8 that Azerbaijan will not compete against Russian giants Gazprom on the European markets. According to him the European market is very expansive and everybody can find its share of the markets. The amount of Azeri exported gas into the EU market will be much smaller compared with Gazprom. Beglarbekov stated that Azerbaijan is interested in the Asian market as well but due to its geographic location the European market is closer and considered more convenient.