• $
  • €
  • ₽
  • ₺
  • £

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

Youtube
Go
Similar news
Similar news
Iranian lawmaker warns missiles could reach Europe
Business 18:00
Iranian lawmaker warns missiles could reach Europe
Azerbaijan’s average pension seen rising to 639 manats in 2027
Business 16:30
Azerbaijan’s average pension seen rising to 639 manats in 2027
Most of Azerbaijan’s forestry allocation will cover wages, audit chief says
Business 16:00
Most of Azerbaijan’s forestry allocation will cover wages, audit chief says
PASHA Bank takes part in a joint tree-planting initiative
Business 15:47
PASHA Bank takes part in a joint tree-planting initiative
Azerbaijan economy seen growing 1.7% in 2026, deputy economy minister says
Business 15:29
Azerbaijan economy seen growing 1.7% in 2026, deputy economy minister says
Azerbaijan and Ukraine expand energy and reconstruction ties
Business 15:00
Azerbaijan and Ukraine expand energy and reconstruction ties
Azerbaijan central bank explores partnership with Binance
Business 14:30
Azerbaijan central bank explores partnership with Binance
US and European gas futures slip on rising stockpiles
Business 14:00
US and European gas futures slip on rising stockpiles
Two brothers shot dead in Georgia
Business 13:31
Two brothers shot dead in Georgia
Anews TV

Our official Youtube channel

Subscribe