December 17, 2013

Baku: President Vujanović at the Conference on Gas Pipeline
The President of Montenegro Filip Vujanović participated today in Baku in the conference, at which final decision was made on investment of the project Shah Deniz 2. Conference was opened by the President of Azerbaijan Ilham Aliyev, who stated great significance of the gas pipeline for all the states involved in the project.

The President’s address reads as follows:

Your Excellencies,
Ladies and Gentlemen,

It is my great pleasure to be present at today’s signing of the Memorandum of Understanding relating to cooperation in bringing Southern Corridor gas to the South East Europe. This Corridor, which provides supply of gas from Azerbaijan, is very important for Montenegro from a strategic, energy and overall economy point of view. I would like to point out only main reasons for this opinion.

By becoming a part of this large gas corridor, Montenegro will ensure a long-term energy stability through a highly reliable supplier.

This gas pipeline will increase a favourable investment climate in Montenegro and open possibility for new investment and new partnerships.

By the implementation of this project, new jobs in Montenegro will be opened, both during its construction and in the course of its functioning and system maintenance.

Citizens and economy of Montenegro will get a cheap energy source, which would improve economic conditions and living standard of citizens.

As a state through which the gas will be transported, Montenegro will have significant financial benefits.

Together with other signatories to the Memorandum, Montenegro contributes to the achievement of the goals of the European Union and Energy Community, which are aimed at diversification of the transport routes and sources and higher level of security of supply, especially in the region of South East Europe.

I would like to express special gratitude to Azerbaijan and President Ilham Aliyev and also a great pleasure about new partnership with the SOCAR. Montenegro has established a strong economic partnership with Azerbaijan, in which SOCAR has a special place. The SOCAR builds an elite tourist complex at one of the most attractive locations in Montenegro, which will be one of the most beautiful complexes along the Adriatic coast.

With the highest appreciation to President Aliyev, who strongly contributed to these relations, I wish Azerbaijan and its citizens the greatest prosperity.


Memorandum of Understanding has been signed at the Conference between Montenegro, Republic of Azerbaijan, Republic of Albania and Republic of Croatia, which is related to cooperation in construction of gas corridor in the mentioned states. The Memorandum was signed by the Minister of Economy Vladimir Kavarić on behalf of Montenegro.

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