• $
  • €
  • ₽
  • ₺
  • £

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
Kazakhstan Uncovers $100M Oil Products Smuggling Ring
Business 18:30
Kazakhstan Uncovers $100M Oil Products Smuggling Ring
PASHA Bank is set to finance the launch of the region’s largest energy storage project in Azerbaijan
Business 17:53
PASHA Bank is set to finance the launch of the region’s largest energy storage project in Azerbaijan
First Tanker of Russian Diesel Bound for U.S. to Depart October 22
Business 16:00
First Tanker of Russian Diesel Bound for U.S. to Depart October 22
Press Council Warns of Fake Journalist Accounts on WhatsApp
Business 15:30
Press Council Warns of Fake Journalist Accounts on WhatsApp
The Digital Bankernames ABB Azerbaijan’s Best AI-Powered retailbank
Business 15:00
The Digital Bankernames ABB Azerbaijan’s Best AI-Powered retailbank
Passenger Service Planned for TRIPP Rail Route, Mirzoyan Says
Business 14:30
Passenger Service Planned for TRIPP Rail Route, Mirzoyan Says
Middle Corridor Success Relies on Robust Business Climate: AFchamber Head
Business 12:32
Middle Corridor Success Relies on Robust Business Climate: AFchamber Head
Gold and Silver Futures Decline on COMEX
Business 12:00
Gold and Silver Futures Decline on COMEX
Azeri Light Crude Rises to $119.68 per Barrel
Business 11:27
Azeri Light Crude Rises to $119.68 per Barrel
Anews TV

Our official Youtube channel

Subscribe