Common Contracts
1 similar null contracts
Azerbaijan’s role in natural gas supplies toSeptember 17th, 2023
On July 18, 2022, a Memorandum of Understanding on a Strategic Partnership in the Field of Energy was signed between the EU, represented by the European Commission, and the Republic of Azerbaijan, as part of Commission President Ursula von der Leyen’s visit to Baku. Azerbaijan will double its gas supplies to the European Union, according to President von der Leyen. Von der Leyen stated: “Indeed, with this MoU, we commit to the expansion of the Southern Gas Corridor. This is already a very important supply route for the European Union, delivering currently more than 8 billion cubic meters (bcm) of gas per year. And we will expand its capacity to 20 bcm in a few years.” Accordingly, this new MoU opens up new prospects for Azerbaijan to continue contributing to Europe’s energy supply. Both parties reaffirmed strong expectations regarding Azerbaijan as a gas supplier to Europe. But how realistic is it to expect such supplies from Azerbaijan? What is Azerbaijan’s current role in contributin
