• $ 1.7
  • € 1.9612
  • ₽ 0.020928
  • ₺ 0.0403
  • £ 2.23

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

Similar news
Similar news
Kapital Bank signs historic agreement with Mashreq Bank
Business 15:42
Kapital Bank signs historic agreement with Mashreq Bank
Yelo Bank marks Victory Day with social campaign in Khojavend
Business 15:39
Yelo Bank marks Victory Day with social campaign in Khojavend
Birbank rewards every 100th online loan customer with 100 bonus points
Business 12:02
Birbank rewards every 100th online loan customer with 100 bonus points
Hungary prepares to phase out Russian oil imports
Business 18:00
Hungary prepares to phase out Russian oil imports
Azerbaijan security chief Ramil Usubov meets Russia’s Shoigu in Moscow
Business 15:30
Azerbaijan security chief Ramil Usubov meets Russia’s Shoigu in Moscow
ING forecasts Azerbaijan’s economy to grow by an average of 2.1% in 2025–2027
Business 15:00
ING forecasts Azerbaijan’s economy to grow by an average of 2.1% in 2025–2027
Azeri Light crude falls below $65 per barrel
Business 14:00
Azeri Light crude falls below $65 per barrel
Azerbaijan’s central bank keeps dollar rate unchanged at 1.7 manats
Business 11:30
Azerbaijan’s central bank keeps dollar rate unchanged at 1.7 manats
TRIPP route could boost Middle Corridor development -Tokayev
Business 10:30
TRIPP route could boost Middle Corridor development -Tokayev
Anews TV

Our official Youtube channel

Subscribe