Azerbaijan energy export potential [Gas in Transition]

Azerbaijan energy export potential [Gas in Transition]

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Natural Gas News
Azerbaijan energy export potential [Gas in Transition]

Summary

Azerbaijan has proved itself a reliable gas supplier to Europe through the 3,200-km SGC system, but has the potential to also become an important supplier of clean energy. [Gas in Transition, Volume 3, Issue 8] by: Charles Ellinas

Azerbaijan has proved itself a reliable gas supplier to Europe through the 3,200km Southern Gas Corridor (SGC) (see figure 1), but has the potential to also become an important supplier of clean energy. In July last year, European Commission (EC) president Ursula von der Leyen and Commissioner for Energy Kadri Simson met with Azeri president Ilham Aliyev and Azeri energy minister Parviz Shahbazov and agreed to strengthen the existing cooperation between the EU and Azerbaijan. The two presidents signed a new memorandum of understanding (MoU) on a strategic partnership in energy. The MoU includes a commitment to double the capacity of SGC to deliver at least 20bn m3 gas to the EU annually by 2027. This will contribute to the diversification objectives in the REPowerEU Plan and help Europe in its drive to end dependency on Russian gas by 2030. Based on this strengthened energy cooperation, Azerbaijan increased its gas supply to the EU to 11.4bn m3 in 2022, from 8.1mn m3 in 2021. This is expected to rise to 11.6bn m3 in 2023, the ...