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US Eyeing Role in Diversification of Azerbaijani Economy

The US is looking to see how it can play a role in diversification of the Azerbaijani economy, as well as the energy security of Azerbaijan itself, says Amos Hochstein, the US Department of State special envoy and coordinator for international energy affairs.

"I think the current market conditions have been painful and are painful for Azerbaijan," he said on May 6.

The Southern Gas Corridor originates in Azerbaijan and the country is critical for the energy security of Europe, added Hochstein.

Azerbaijan can play not only the role of producer and seller into Europe, but also the role of a transit point in the region, Hochstein said, adding he thinks it will be a very good thing for Azerbaijan and incredibly important for Europe and Central Asia.

"I believe that we continue to have close relationship with Azerbaijan and work closely together on expanding that," he added.

Source: AzerNews

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