(MENAFN- AzerNews)
By Trend
The strategic economic partnership between Azerbaijan and Italy
is based primarily on the energy sector, Azerbaijani Foreign
Minister Jeyhun Bayramov said in an interview with Italian Agenzia
Nova news agency at the session of Committee of Ministers of the
Council of Europe held last week in Italy, Trend reports.
Bayramov emphasized that Azerbaijan is one of the main suppliers
of crude oil to Italy, and natural gas since last year.
The Southern Gas Corridor (SGC) project and its part - the Trans
Adriatic Pipeline (TAP) project - are an important factor in
strengthening Italy's energy security, also in maintaining stable
prices in Italian gas market. More than 12 billion cubic meters of
natural gas were transported to Europe through TAP until May, 2022,
including more than 10 billion cubic meters to Italy, minister
said.
It is planned to supply 9.5 billion cubic meters of natural gas
from Azerbaijan to Italy in 2022. TAP currently supplies about 10
percent of Italy's gas needs. TAP will be able to meet 20-25
percent of Italy's gas needs with a full expansion of gas pipeline
and doubling its capacity to 20 billion cubic meters.
'Generally, the EU and some of its member states showed interest
in increasing the supply of energy resources from Azerbaijan even
before the events in Ukraine. Relevant requests were received from
some countries regarding the expansion of SGC to the Western
Balkans in order to facilitate the replacement of coal in their
energy consumption with gas and contribute to the energy
transition,” Bayramov said.
“All this is due to the fact that Azerbaijan has proven itself
over the years as a reliable partner, contributing to the energy
security of Europe and the diversification of sources and supply
routes,” he noted.
“Of course, transporting Azerbaijani gas to the wider European
space means attracting additional investment, and we look forward
to support of the EU and its member states in this matter,”
minister added.
“Azerbaijan, which has experience in the field of energy export,
also has potential for electricity supply to the EU. Azerbaijan is
currently considering cooperation with the EU in the sphere of
hydrogen and renewable energy, in addition to traditional energy
resources,” Bayramov said.
“The main objective is to increase share of renewable energy in
Azerbaijan's total energy mix to 30 percent by 2030,” he noted.
“Specific steps are being taken to develop wind energy at sea
and to create a 'Green Energy Zone' in liberated territories of our
country. Therefore, Azerbaijan could expand its role as a supplier
of oil, gas and electricity by exporting renewable energy,”
Bayramov added.
Azerbaijan proceeds from commercial interests and does not set
itself the goal of replacing or competing with the market share of
other countries in the global energy market,' Bayramov said.
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