Advertisement
News

Azerbaijan expands gas supply geography to European market

Azerbaijani President Ilham Aliyev stated that they have expanded their gas supply geography to the European market and said, “This will be beneficial for both sides. Because the European Union (EU) needs natural gas to ensure energy security, and Azerbaijan needs a reliable market for its huge energy resources. ” said.

A meeting on “Strategic Partnership in the Development and Transmission of Green Energy” was held between Azerbaijan, Georgia, Romania and Hungary in Bucharest, the capital of Romania.

Advertisement

The meeting hosted by Romanian President Klaus Werner Iohannis was attended by Azerbaijani President Aliyev, Georgian Prime Minister Irakli Garibashvili, Hungarian Prime Minister Viktor Orban and EU Commission President Ursula von der Leyen.

According to the statement made by the Presidency of Azerbaijan, Aliyev stated in his speech at the meeting that Azerbaijan exported 8.2 billion cubic meters of natural gas to European markets in 2021 and 11.3 billion cubic meters this year.

Aliyev shared the information that “In 2023, we are expected to export at least 11.6 billion cubic meters of natural gas to Europe. In 2023, Azerbaijan’s natural gas exports will be approximately 24 billion cubic meters. In 2021, this figure was 19 billion cubic meters.”

SOCAR and Romgaz signed an agreement

 

Advertisement

Reminding that the Azerbaijan State Oil Company (SOCAR) and Romania’s natural gas company Romgaz signed an agreement on the supply of natural gas from Azerbaijan to Romania from January 1, 2023, Aliyev said, “Thus, Azerbaijan is expanding its gas supply geography to the European market. This will be beneficial for both sides because the EU needs natural gas to ensure energy security, and Azerbaijan needs a reliable market for its huge energy resources,” he said.

10 gigawatts of green energy 

Aliyev stated that they have started to build another energy bridge to Europe today and said:

“Azerbaijan plans to become an important electricity supplier to Europe, especially green energy. As for the renewable energy potential of Azerbaijan, the volume of wind and solar energy on land is more than 27 gigawatts, and the wind energy in the Azerbaijan sector of the Caspian Sea is 157 gigawatts. “With one of our investors, we plan to produce 3 gigawatts of wind and 1 gigawatt of solar energy by 2027. 80 percent of these will be exported. We plan to create at least 6 gigawatts of additional power by 2037.”

Explaining that a global energy company plans to invest in 10 gigawatts of green energy production in Azerbaijan, Aliyev said, “We must work efficiently to achieve our goals. Azerbaijan, Georgia, Hungary, Romania and the EU should work as a team in close cooperation and coordination.”

Advertisement

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button