Germany's Uniper Keen On Ramping Up Its Buy Of Azerbaijani Gas
Date
9/18/2024 7:19:33 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 18. The German
company Uniper is eager to boost its procurement of Azerbaijani
gas, Head of Uniper Office in Azerbaijan Rashad Huseynli told local
journalists, Trend
reports.
In late August, the president of the State Oil Company of the
Azerbaijan Republic (SOCAR), Rovshan Najaf met with a member of
Uniper's board and Chief Commercial Officer, Carsten Poppinga in
Baku. The two parties highlighted the successful implementation of
a gas purchase agreement related to the Shah Deniz field.
“Our contract for gas procurement from Shah Deniz involves
annual purchases of one and a half billion cubic meters from this
field. We are currently in negotiations with SOCAR to increase
supplies of Azerbaijani gas,” Huseynli stated.
He did not disclose any further details until the completion of
the relevant negotiations.
To note, since December 2020, nine European companies have been
reaping the benefits of gas flowing from Shah Deniz through the
Southern Gas Corridor. Increases in Azerbaijan's gas exports since
2023 have led to a growth in the number of registered
businesses.
In 2023, the gas exported to Europe hit the ground running at
11.8 billion cubic meters, with hopes high to surpass the 12.5
billion cubic meters mark in 2024.
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