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European international locations, Azerbaijan agree to spice up gasoline transfers

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The nationwide gasoline system operators of Bulgaria, Romania, Hungary and Slovakia have agreed to spice up the switch of pure gasoline from Azerbaijan utilizing the prevailing infrastructure of their international locations

SOFIA, Bulgaria — The nationwide gasoline system operators of Bulgaria, Romania, Hungary and Slovakia agreed Tuesday to spice up the switch of pure gasoline from Azerbaijan utilizing the prevailing infrastructure of their international locations, which have been till just lately extremely depending on Russian vitality.

Azerbaijan’s president, Ilham Aliyev, referred to as the signing of the settlement between the European nations and the State Oil Firm of the Republic of Azerbaijan “a really well timed step” that may convey greater and safer gasoline provides to many extra international locations in Europe.

Aliyev attended the signing ceremony in Sofia, Bulgaria’s capital.

Following Moscow’s invasion of Ukraine, the European Union is attempting to diversify European vitality sources away from Russian gasoline. The EU signed a memorandum of understanding with Azerbaijan in July to double the quantity of Azeri gasoline imports to twenty billion cubic meters per yr by 2027.

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“The battle in Ukraine prompted us to search for new dimensions of the ideas of fine neighborliness, mutual help and solidarity. It has prompted us to search for solely new environment friendly options, new routes, and new modes of provide to redraw the worldwide logistical map,” Bulgarian President Rumen Radev stated.

Bulgaria is linked to the Southern Gasoline Hall, a multi-segment pipeline mission to get pure gasoline from Azerbaijan to Italy, via an inter-connector with Greece. The connector permits for the supply of 1 billion cubic meters of Caspian gasoline to Bulgaria, protecting almost one-third of the nation’s wants, and has capability to extend the quantity to as much as 5 billion cubic meters yearly.

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Observe AP’s protection of the battle in Ukraine: https://apnews.com/hub/russia-ukraine



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