EU denies import of Russian gas through Azerbaijan
Baku/25.09.23//Turan: The European Union has once again confirmed its commitment to increase gas imports from Azerbaijan, thereby dispelling rumors about potential sanctions against Azerbaijan. These speculations arose after Azerbaijan conducted anti-terrorist activities in Karabakh on September 19-20.
In response to the pro-Armenian journalist, the representative of the European Commission on Climate Action and Energy, Tim McPhee, said that the Memorandum of Understanding signed between Azerbaijan and the EU in July 2022 is "valid".
"Gas supplies from Azerbaijan accounted for 3 percent of EU imports of this resource in 2022, compared with 2 percent in 2021. We expect to reach a similar level this year. In 2021, we imported 8.1 bcm of Azerbaijani gas, while in 2022 we have already received 11.3 bcm. Thus, growth is observed. We have signed a memorandum of understanding, which implies an increase in the supply of Azerbaijani gas to 20 bcm by 2027, as well as broader cooperation in the field of renewable energy sources," he said.
Further, McPhee also explained to reporters that "there is no Russian gas in the supplies that the EU imports from Azerbaijan."
"It's a matter of volumes. The volume of gas exported from Russia to Azerbaijan is significantly less than what we import from Azerbaijan, so there is no Russian gas in these supplies. We import only Caspian resources," he explained. -0-
-
- Photo sessions
- 25 September 2023 09:38
-
- Finance
- 25 September 2023 10:20
Economics
-
Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
-
The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
-
BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
-
In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
Leave a review