• $
  • £

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
Business without limits: More than 5 transactions a day
Business 16:05
Business without limits: More than 5 transactions a day
A major step toward advancing artificial intelligence infrastructure in Azerbaijan’s banking sector
Business 15:29
A major step toward advancing artificial intelligence infrastructure in Azerbaijan’s banking sector
Oil edges lower, heads for 7% weekly gain on Gulf disruptions
Business 12:28
Oil edges lower, heads for 7% weekly gain on Gulf disruptions
US Treasury Secretary Bessent warns nations keeping Iran ties risk economic collapse
Business 11:04
US Treasury Secretary Bessent warns nations keeping Iran ties risk economic collapse
Gold heads for third straight weekly gain as dollar weakens
Business 10:30
Gold heads for third straight weekly gain as dollar weakens
Azerbaijan's Azeri Light crude rises to $96.68 per barrel
Business 09:59
Azerbaijan's Azeri Light crude rises to $96.68 per barrel
Gold heads for third straight weekly gain as dollar weakens on US Treasury buybacks
Business 09:57
Gold heads for third straight weekly gain as dollar weakens on US Treasury buybacks
Central Bank of Azerbaijan sets official exchange rates: USD holds at 1.7000 AZN
Business 09:29
Central Bank of Azerbaijan sets official exchange rates: USD holds at 1.7000 AZN
Tanker values hit highest since 2008 as Gulf producers race to secure oil export routes, FT reports
Business 18:00
Tanker values hit highest since 2008 as Gulf producers race to secure oil export routes, FT reports
Anews TV

Our official Youtube channel

Subscribe

Latest news

More news