• $
  • £

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
Tahir Gozal elected supervisory board chair at Azerbaijan Industry Bank
Business 13:00
Tahir Gozal elected supervisory board chair at Azerbaijan Industry Bank
Azerbaijan clarifies pasture focus of livestock subsidies
Business 12:30
Azerbaijan clarifies pasture focus of livestock subsidies
Azerbaijan deploys Chinese locomotives on transit corridors
Business 12:00
Azerbaijan deploys Chinese locomotives on transit corridors
Azerbaijan deploys Chinese locomotives on transit corridors
Business 12:00
Azerbaijan deploys Chinese locomotives on transit corridors
Central Bank of Azerbaijan sets official exchange rates: Dollar flat, euro gains
Business 10:00
Central Bank of Azerbaijan sets official exchange rates: Dollar flat, euro gains

64 Ukrainian drones shot down over Moscow overnight
Business 10:00
64 Ukrainian drones shot down over Moscow overnight
Azerbaijani oil price falls to $121 per barrel
Business 09:30
Azerbaijani oil price falls to $121 per barrel
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
Anews TV

Our official Youtube channel

Subscribe