Certain east-European countries have recently agreed to boost the natural gas transfer from Azerbaijan utilizing their existing infrastructure. Following the EU’s aim to steer Europe’s energy sources away from Russian gas, the EU signed an MoU with Azerbaijan for doubling the Azeri gas imports volume to 20 billion m3 per year by 2027.
The east-European countries of Bulgaria, Romania, Hungary and Slovakia have recently agreed to boost the natural gas transfer from Azerbaijan. The countries’ national gas system operators assented to the transfer utilizing their existing infrastructure which were until recently highly dependent on Russian energy. Bulgaria is linked to the multi-segment pipeline project Southern Gas Corridor, for natural gas supply from Azerbaijan to Italy, through an inter-connector with Greece. The connector facilitates delivery of 1 billion m3 Caspian gas to Bulgaria, covering nearly one-third of the country’s needs, and has capacity to increase the volume to up to 5 billion m3 annually.
The European Union is aiming to steer Europe’s energy sources away from Russian Gas. Following this aim, the EU has signed an MoU in July with Azerbaijan for doubling the Azeri gas imports volume to 20 billion m3 per year by 2027. Mr. Ilham Aliyev, Azerbaijan’s president, attended the signing ceremony in Sofia, Bulgaria and said that the signing of the agreement between the European nations and the State Oil Company of the Republic of Azerbaijan is “a very timely step” expected to bring bigger and more secure gas supplies to many more countries in Europe.