• $ 1.7
  • € 2.013
  • ₽ 0.022112
  • ₺ 0.0389
  • £ 2.314

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
SOCAR Polymer increases output by 33%, 78% of production exported
Business 17:30
SOCAR Polymer increases output by 33%, 78% of production exported
Saudi Arabia donates 5 tonnes of dates to Azerbaijan
Business 15:00
Saudi Arabia donates 5 tonnes of dates to Azerbaijan
Azerbaijan central bank sets exchange rates for Feb. 18
Business 09:30
Azerbaijan central bank sets exchange rates for Feb. 18
UK banks explore national payments system as an alternative to Visa and Mastercard
Business 16:32
UK banks explore national payments system as an alternative to Visa and Mastercard
Azerbaijani oil prices edge higher
Business 13:00
Azerbaijani oil prices edge higher
Russia faces a looming oil storage squeeze as exports decline
Business 10:35
Russia faces a looming oil storage squeeze as exports decline
Azerbaijan resumes chicken meat imports from the United Kingdom
Business 10:00
Azerbaijan resumes chicken meat imports from the United Kingdom
Central Bank of Azerbaijan exchange rates
Business 09:29
Central Bank of Azerbaijan exchange rates
Yelo Bank hosts its first-ever "Yelo Investment Panel"
Business 15:33
Yelo Bank hosts its first-ever "Yelo Investment Panel"
Anews TV

Our official Youtube channel

Subscribe