(MENAFN- AzerNews)
By Ayya Lmahamad
The launch of the Interconnector Greece-Bulgaria (IGB) will
allow Romania to import gas from Azerbaijan through the Vertical
Gas Corridor, Romanian Energy Minister Virgil-Daniel Popescu said,
Azernews reports.
“We are invited to the opening of the IGB, which will enable the
introduction of the Vertical Gas Corridor and access to Azerbaijani
gas,' the minister said.
He stressed that agreements between the countries of the region
are also needed to ensure the transit of this gas.
'We have been working on getting gas from non-Russian sources
for a very long time. In order to import gas or LNG from somewhere
else, like from Azerbaijan, we need a transit agreement, and we're
working on that,” he said.
Earlier, the minister stated that Romania is one of the
countries least dependent on Russian fossil fuels. He stated that
the total consumption in the country is 11 billion cubic meters of
natural gas per year, 9 of which Romania is producing by itself,
noting that the country wants to import the last 2 billion cubic
meters of gas from Azerbaijan. He added that negotiations are
currently underway with Azerbaijan to reach an agreement.
Azerbaijan and Romania are cooperating in various spheres of the
economy. The two countries established diplomatic relations on June
19, 1992. The Embassy of Romania in Azerbaijan was opened on
November 3, 1998, and the Embassy of Azerbaijan in Romania on May
19, 2001.
SOCAR operates in Romania through SOCAR Petroleum SA,
established in 2011, and owns SOCAR-branded petrol stations in 26
regions of Romania.
The trade turnover between the two countries amounted to $215.5
million in 2021, with exports amounting to $120.5 million, and
imports to $94.9 million
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
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