Daisaku Hiraki: Japan is interested in joint development of new fields with Azerbaijan on Caspian

Baku, May 31, AZERTAC Japan is interested in the joint development of new fields in the Caspian Sea with Azerbaijan, said Japan's Parliamentary Vice-Minister of Economy, Trade and Industry Daisaku Hiraki at the plenary session entitled "The main factors for the development of a sustainable future: Concepts and Innovation" of the 25th Anniversary International Caspian Oil & Gas Exhibition and Conference. Daisaku Hiraki underlined that the Japanese company is a shareholder in Baku-Tbilisi-Ceyhan main export oil pipeline (BTC) and the Azeri-Chirag-Gunashli (ACG) project. At his words, “the signing of the ACG-related agreement and the extension of the term up to 2050 is important in terms of Japan's energy strategy in the Caspian region. Our country is interested in enhancing energy security and diversifying sources. Japan has established good relations with the Caspian region and this is of geopolitical importance. We are interested in the joint development of new deposits in the Caspian Sea”, Daisaku Hiraki added.