• $
  • €
  • ₽
  • ₺
  • £

Europe relies on Azerbaijani gas

Europe relies on Azerbaijani gas
16.02.2015 17:00
"This is the only project that guarantees us a major new supply."

The conflict in the south-east of Ukraine forced the member states to accelerate the diversification of sources of natural energy resources and the process of creating a European Union energy.

News.Az reports citing TASS that the statement came from the deputy chairman of the European Commission Maroš Šefčovič on Sunday.

"The EU is extremely tired to worry every summer about how things with the energy supplies for the coming winter will be",  he said, "Energy security issues are under control of higher political leaders. "

Vice-President of the EC considers Azerbaijan as an alternative gas supplier to the EU.

He added that the implementation of the "Southern Gas Corridor" project has already started.

The gas from the Caspian region will be supplied to Europe by this route.

"This is the only project that guarantees us a major new gas supplies from a new source. It is also about major construction projects, the cost of implementation is estimated at EUR 45 bn," Šefčovič  said.

Diplomat boradcasts the possibility of starting the supply of Azerbaijani gas to European consumers in 2019.

ANN.Az

Twitter
Go
Similar news
Similar news
Azerbaijan aims to fund all operational spending from non-oil revenues by 2030
Business 17:00
Azerbaijan aims to fund all operational spending from non-oil revenues by 2030
Azercell supports the next generation of women in ICT
Business 16:30
Azercell supports the next generation of women in ICT
Azerbaijan FX reserves climb 7.3% year-on-year to $88.5 bln
Business 16:30
Azerbaijan FX reserves climb 7.3% year-on-year to $88.5 bln
Azerbaijan oil fund assets seen topping $78 bln by 2030
Business 16:00
Azerbaijan oil fund assets seen topping $78 bln by 2030
Get an extra 5% in bonuses on November purchases with the Birbank Taksit card
Business 15:49
Get an extra 5% in bonuses on November purchases with the Birbank Taksit card
U.S. natural gas futures held near a three-week high
Business 15:00
U.S. natural gas futures held near a three-week high
Bitcoin slips to $73,566, near three-month low
Business 14:03
Bitcoin slips to $73,566, near three-month low
Oil edges higher on Hormuz Strait shipping attacks
Business 13:30
Oil edges higher on Hormuz Strait shipping attacks
Gold inches up after sharp drop on US inflation data
Business 13:00
Gold inches up after sharp drop on US inflation data
Anews TV

Our official Youtube channel

Subscribe