Azerbaijani Energy Minister discusses expansion of TAP with Italian Foreign Minister
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, April 2. Within the framework
of the conference 'Azerbaijan-Italy: 'The Way to Strengthen
Multifaceted Strategic Partnership' in Baku, Azerbaijani Energy
Minister Parviz Shahbazov met with a delegation led by Italy's
Minister of Foreign Affairs and International Cooperation Luigi Di
Maio, Trend reports citing ministry.
The meeting discussed the development of energy cooperation
between Azerbaijan and Italy.
Luigi Di Maio praised the role of the Trans Adriatic Pipeline
(TAP) in strengthening bilateral energy cooperation, energy
security and position in the European gas market. He stressed the
importance of starting work on expanding TAP.
Parviz Shahbazov spoke about the growing importance of natural
gas supplies via TAP, along with crude oil supplies, in energy
cooperation with Italy, Azerbaijan's largest and most reliable
trading partner. Stressing that 10 billion cubic meters of
Azerbaijani gas have already been delivered to Europe through TAP,
the minister said that the presence of large gas resources, the
important role of natural gas in the energy transition, and the
growing interest in diversifying gas supply sources create an
opportunity for expanding TAP.
'At current growth rates, we expect our gas exports to Italy to
reach 9.5 bcm by the end of this year, based on long-term and spot
agreements. The expansion of TAP could provide a large amount of
natural gas not only to Italy, but also to other European
countries. Therefore, we invite interested parties to take an
active part in this process,' he said.
The minister also noted the possibility of transporting a
hydrogen mixture in the amount of 10% with the expansion of the
TAP. Emphasizing that the export of 'green' energy and 'green'
hydrogen to Europe using offshore wind energy is also on the
agenda, he called on Italian companies to evaluate the
possibilities of such cooperation.
At the meeting, issues of cooperation between the two countries
in various fields, as well as those related to the next meeting of
the joint intergovernmental commission on economic cooperation,
were discussed.
Tags:
- TAP
- Italy
- Parviz Shahbazov
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