(MENAFN- Trend News Agency) BAKU, Azerbaijan, Nov.29. Azerbaijan is in
favor of investments in Albania and mainly in the field of energy
infrastructure, Ambassador of Azerbaijan to Albania Anar Huseynov
said in an interview with Argumentum.al, trend reports
Nov.29.
“I do believe that Albania can become a beneficiary of
Azerbaijan's natural gas, but the lack of appropriate
infrastructure complicates the issue. Therefore, Baku wants to
discuss the possibility of investing in the gas infrastructure of
Albania, and first to start with a separate settlement. If the
investment is successful, its scope may increase,” he said.
Talking about the overall energy cooperation between the EU and
Azerbaijan, Huseynov recalled the memorandum of understanding
signed in July 2022 on strategic partnership in the field of
energy.
“This MoU became a new milestone in our relations with EU and
includes a commitment to double the capacity of the Southern Gas
Corridor to deliver at least 20 billion cubic meters to the
European markets annually by 2027. This will contribute to EU's
diversification objectives. Azerbaijan is already now increasing
deliveries of natural gas to the EU, from 8.1 bcm in 2021 to an
expected 12 bcm in 2022. The EU and Azerbaijan also share the
ambition to accelerate the development and deployment of renewable
energy generation and transmission capacity to fully reap the
synergies between the EU's clean energy transition and Azerbaijan's
strong untapped renewable energy potential, in particular in the
offshore energy sector. The two parties also acknowledge the
importance of the Global Methane Pledge, and recognize that making
the natural gas supply chain as efficient, environmentally and
climate friendly as possible is a collective responsibility,” said
the envoy.
Huseynov added that the MoU supports the creation of schemes to
collect natural gas that would otherwise be vented, flared or
released into the atmosphere.
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