(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 6. Romania is confident
in extending gas supply contract with Azerbaijan beyond 2024,
Virgil-Daniel Popescu, Romanian Energy Minister, said in an
exclusive interview with Trend.
He recalled that ROMGAZ and SOCAR entered into contractual
arrangements starting with the beginning of this year.
"Such contractual arrangements formed the basis for a
constructive joined work and proved to be a new milestone for
strengthening the good cooperation relationship between the two
companies. Therefore, we are confident that such cooperation will
be extended beyond 2024, not only by entering into new gas supplies
contracts but also into other potential projects of mutual
interest," added the minister.
Popescu noted that Romania and the Republic of Azerbaijan have a
long tradition in terms of energy cooperation relations.
"The Strategic Energy Partnership has strengthened and expanded
year by year. During last year, the two countries had an extremely
consistent bilateral dialogue and signed important documents
regarding the implementation of some strategic energy projects.
Romania appreciates the active participation of Azerbaijan in joint
efforts to strengthen Europe's energy security, especially in this
challenging energy context, through its key role in developing the
Southern Gas Corridor and its commitment to increase the
Azerbaijani gas volumes for the European market," he said.
On February 3, 2023, SOCAR, Azerbaijan's state oil company, and
Romgaz S.A., Romania's energy company, signed a gas supply
agreement during the Southern Gas Corridor Advisory Council's
meeting in Baku. The agreement outlines the transportation of 1
billion cubic meters of gas from Azerbaijan to Romania from 2023 to
2024.
This contract builds upon previous agreements signed by the two
companies on October 9 and December 16, 2022, which established the
legal framework for energy relations between Azerbaijan and
Romania. These documents not only expand Azerbaijan's export
opportunities but also contribute to enhanced cooperation, Europe's
energy security, and the promotion of green energy strategies.
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