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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-
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- Photo sessions
- 25 September 2023 09:38
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- Finance
- 25 September 2023 10:20
Economics
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A presentation of the 2024 Roadmap for improving Internet utilities, part of the World Bank Group's "Favorable Business Environment" project, took place in Baku, officials said on Thursday.
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A strategic partnership agreement was signed in Baku today between Green Capital Management, a UAE-based company with Azerbaijani investments, and the Qatari company Al Baladi Holdings. The document was signed by Adnan Ahmadzadeh and Khayal Gaibov (Acting CEO), shareholders of Green Capital Management, along with Mohammed Abdullah Hamad Al Ibrahim Al-Attiyah, owner and President of Al Baladi Holdings, and Executive Director Hani Al Sayadi.
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Azerbaijan and Serbia convened today in Baku for the 8th meeting of their intergovernmental commission on trade and economic cooperation. The session was co-chaired by Azerbaijan’s Minister of Labor and Social Protection, Sahil Babayev, and Serbia’s Minister of Culture, Nikola Selakovic.
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President of the State Oil Company of the Republic of Azerbaijan (SOCAR) Rovshan Najaf met with Chairman of the Board of the Kazakh National Company KazMunayGas Askhat Khasenov to discuss issues of expanding cooperation and increasing the volumes of transit of Kazakh crude oil through Azerbaijan.
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