Azerbaijan, Europe To Sign Memorandum On Energy
(MENAFN- AzerNews)
By Ayya Lmahamad
The European Union is preparing to sign an important memorandum
on energy with Azerbaijan on July 18, European Commissioner for
Energy Head of Office Stefano Grassi said, Azernews reports, citing
AzeMedia.
Grassi stressed that the upcoming agreement would be one of the
steps planned by Brussels to overcome the gas crisis.
The memorandum is expected to be signed during the visit of the
European Commissioner for Energy Kadri Simson to Baku. Speaking at
the business forum in Riga, Simson stated that under this agreement
the volume of gas to be transported to Europe via the
Trans-Adriatic Pipeline would be doubled.
EU and Azerbaijan are in active dialogue on increasing gas
supplies amid the energy crisis. A joint statement on energy
cooperation with the EU was signed more than ten years ago. The
EU-Azerbaijan energy cooperation had reached a new level and is
still ongoing within the framework of the Southern Gas Corridor.
The EU places a high value on energy supply diversification, and
the Southern Gas Corridor is particularly important in this
regard.
To recall, with the completion of the TAP (Trans-Adriatic
Pipeline) construction on December 31, 2020, Azerbaijan began
commercial gas supplies to Europe via the Southern Gas Corridor.
The Southern Gas Corridor is an initiative of the European
Commission for a natural gas supply route from the Caspian and
Middle Eastern regions to Europe. The route from Azerbaijan to
Europe consists of the South Caucasus Pipeline, TANAP, and TAP.
Last year, TAP transported 8.1 billion cubic meters of gas to
Europe. By late 2022, Azerbaijan plans to increase gas supplies to
Europe to 9.1 billion cubic meters, and in 2023, the volume of gas
supplies is expected to reach 11 billion cubic meters.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
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- Tags:
- Azerbaijan
- gas
- Europe
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