Last year, the oil-rich ex-Soviet Caspian nation produced about 4.5-5 billion cubic meters of gas and imported approximately the same amount from Russia. This year, the country will fully satisfy its own gas needs and next year it will produce more than 16 billion cubic meters, the president said. That means more than 6 billion cubic meters could be eligible for export.
Energy supplies from Azerbaijan's Caspian fields are playing an increasingly important role in the region, as Russia has hiked prices for its natural gas.
The choice of the city of Helsinki is not incidental as the capital of Finland had hosted US-Soviet negotiations on the limitation of nuclear stockpiles in 1969