• $ 1.7
  • € 2.0022
  • ₽ 0.021715
  • ₺ 0.0396
  • £ 2.297

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
Azerbaijan increases AI-92 gasoline, diesel prices
Business 16:30
Azerbaijan increases AI-92 gasoline, diesel prices
Oil prices edge lower on US statistics
Business 11:30
Oil prices edge lower on US statistics
CBA currency exchange rates
Business 11:00
CBA currency exchange rates

Gold prices rise ahead of US Fed's meeting minutes release
Business 10:30
Gold prices rise ahead of US Fed's meeting minutes release

Azeri Light crude drops to $65.57 per barrel
Business 10:00
Azeri Light crude drops to $65.57 per barrel
Azerbaijan sets 2026 subsistence minimum at 300 manats
Business 17:00
Azerbaijan sets 2026 subsistence minimum at 300 manats
Excitement is rising in the Nar Lottery – the 10th car is waiting for its owner
Business 15:55
Excitement is rising in the Nar Lottery – the 10th car is waiting for its owner
Bp announces volume of oil produced so far from West Azeri platform
Business 13:00
Bp announces volume of oil produced so far from West Azeri platform
Foreign citizen detained in Georgia for illegal border crossing near Red Bridge
Business 12:30
Foreign citizen detained in Georgia for illegal border crossing near Red Bridge
Anews TV

Our official Youtube channel

Subscribe