UPI: Plenty of gas for Europe, Azerbaijan says

Azerbaijan is situated to play a vital role in European energy security strategies over the long haul, Azerbaijan Energy Minister Natig Aliyev said.

Aliyev attended a conference in Vienna on the European relationship with energy producers from the Caspian region.

European leaders are looking to offshore natural gas reserves in the Azeri waters of the Caspian Sea as a way to break the Russian grip on the regional energy sector.

Aliyev said as much as $60 billion was invested in Azeri infrastructure, meaning there's now as much as 91 trillion cubic feet of proven natural gas reserves on hand for European markets.

"We can produce a whole lot more," he said in a Monday statement.  MORE