• $
  • £

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
Orlen to buy Azerbaijani oil amid Saudi supply disruptions
Business 17:00
Orlen to buy Azerbaijani oil amid Saudi supply disruptions
ABB Innovation receives resident status of PirallahıHigh Technology Park
Business 15:55
ABB Innovation receives resident status of PirallahıHigh Technology Park
Azerbaijan targets higher value-added growth
Business 14:31
Azerbaijan targets higher value-added growth
Azeri Light falls 4.6% to $122.15 per barrel
Business 14:00
Azeri Light falls 4.6% to $122.15 per barrel
Azerbaijan plans to cut media spending by 13% in 2027
Business 13:30
Azerbaijan plans to cut media spending by 13% in 2027
Azerbaijan’s economy grows 1.2% in Jan-Aug
Business 13:00
Azerbaijan’s economy grows 1.2% in Jan-Aug
Aliyev: OTS countries strengthen common security
Business 12:30
Aliyev: OTS countries strengthen common security
Moody’s sees Brent at $90-$110 through end-2026
Business 12:00
Moody’s sees Brent at $90-$110 through end-2026
Rashad Hasanov appointed adviser to Azerbaijan’s finance minister
Business 11:30
Rashad Hasanov appointed adviser to Azerbaijan’s finance minister
Anews TV

Our official Youtube channel

Subscribe