• $ 1.7
  • € 2.0021
  • ₽ 0.020531
  • ₺ 0.0411
  • £ 2.3146

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
Natural gas prices decreased in Europe
Business 13:30
Natural gas prices decreased in Europe
Price of Azerbaijani oil keeps ramping up
Business 11:00
Price of Azerbaijani oil keeps ramping up
CBA currency exchange rates
Business 10:30
CBA currency exchange rates
US to invest £150B in UK, promising thousands of jobs
Business 09:30
US to invest £150B in UK, promising thousands of jobs
First salary in Russia was paid in digital rubles
Business 17:30
First salary in Russia was paid in digital rubles
KazMunayGaz resumes oil exports via Baku-Tbilisi-Ceyhan pipeline
Business 17:00
KazMunayGaz resumes oil exports via Baku-Tbilisi-Ceyhan pipeline
UN chief proposes to cut 15% of budget, 19% of workforce in 2026
Business 16:30
UN chief proposes to cut 15% of budget, 19% of workforce in 2026
Interest-free support for SMEs from Yelo Bank!
Business 15:30
Interest-free support for SMEs from Yelo Bank!
Azerbaijan's net financial liabilities grew by $230M in 1H2025
Business 15:00
Azerbaijan's net financial liabilities grew by $230M in 1H2025
Anews TV

Our official Youtube channel

Subscribe