• $ 1.7
  • € 2.0008
  • ₽ 0.022051
  • ₺ 0.0388
  • £ 2.292

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
“Nar” and Azerbaijan Technical University (AzTU) Define Key Areas of Cooperation for This Year
Business 16:15
“Nar” and Azerbaijan Technical University (AzTU) Define Key Areas of Cooperation for This Year
Azeri Light crude drops to $71.97 per barrel
Business 10:30
Azeri Light crude drops to $71.97 per barrel
At least 30 dead after heavy rains hit southeastern Brazil, 39 missing
Business 10:00
At least 30 dead after heavy rains hit southeastern Brazil, 39 missing
CBA currency exchange rates
Business 09:30
CBA currency exchange rates
Train services are delayed in the Baku metro
Business 17:30
Train services are delayed in the Baku metro
16 new enterprises to launch in Azerbaijan’s industrial zones this year
Business 16:30
16 new enterprises to launch in Azerbaijan’s industrial zones this year
A call for solidarity during the month of Ramadan by the Red Hearts Foundation
Business 16:26
A call for solidarity during the month of Ramadan by the Red Hearts Foundation
BTC oil volumes transported via Turkey decline in January
Business 15:30
BTC oil volumes transported via Turkey decline in January
“Women first in everything”
Business 14:50
“Women first in everything”
Anews TV

Our official Youtube channel

Subscribe