• $
  • £

Azerbaijan to negotiate increase in gas supplies to Europe in Brussels next week

Azerbaijan to negotiate increase in gas supplies to Europe in Brussels next week
14.07.2022 14:30
EU energy commissioner Kadri Simson is travelling to Baku later this month, reported from EUobserver.

"We have been working closely together to increase deliveries," an EU spokesman said.

Before that, the officials of both parties will hold talks in Brussels on July 19.

The draft text, dated 11 July, which could be still subject to changes, is part of the EU efforts to reduce its dependence on Russian gas after the war in Ukraine.

They "aspire" to "bilateral trade of natural gas ... of at least 20 billion cubic metres [bcm] of gas annually by 2027, the document says.

The Trans Adriatic Gas Pipeline (TAP), which transports Azerbaijani natural gas to Europe, has reached its maximum capacity over the past few days. This means the supply of 33 million cubic meters of natural gas daily, which averages about 12 billion cubic meters of gas per year. A total of 10.5 billion cubic meters of these volumes will be transported to Italy. The long-term goal is to double the capacity of the pipeline.

The construction of TAP was completed in October 2020. The total length of TAP is 878 km, of which 550 km passes through the northern part of Greece, 215 km through the territory of Albania, 105 km along the bottom of the Adriatic Sea and 8 km through the territory of Italy.

The TAP AG consortium is considering three scenarios for increasing the pipeline capacity: limited - up to 14.4 billion cubic meters, partial - up to 17.1 billion cubic meters and full - up to 20 billion cubic meters per year.

Azerbaijani gas supplies to consumers in Italy, Greece and Bulgaria via TAP began on December 31, 2020.

www.anews.az
Similar news
Similar news
Kapital Bank retains its status as the largest taxpayer in the non-oil sector
Business 15:38
Kapital Bank retains its status as the largest taxpayer in the non-oil sector
TəhsilPlus card by Kapital Bank, offering unique opportunities for education professionals, presented to its first holders
Business 14:30
TəhsilPlus card by Kapital Bank, offering unique opportunities for education professionals, presented to its first holders
Main index indicators of world stock markets
Business 12:00
Main index indicators of world stock markets
Brent, WTI crude oil prices decline on global markets
Business 10:30
Brent, WTI crude oil prices decline on global markets
Bitcoin price drops below $71,000
Business 10:00
Bitcoin price drops below $71,000
Looking for a favorable loan?
Business 11:34
Looking for a favorable loan?
Brent crude price surpasses $84 on global markets
Business 10:00
Brent crude price surpasses $84 on global markets
Gold and silver prices rise in commodity markets
Business 09:30
Gold and silver prices rise in commodity markets
8% interest for March 8: a special offer for women entrepreneurs!
Business 15:00
8% interest for March 8: a special offer for women entrepreneurs!
Anews TV

Our official Youtube channel

Subscribe