EU signs deal with Azerbaijan to double gas imports by 2027

EU signs deal with Azerbaijan to double gas imports by 2027

The European Commission signed a memorandum of understanding on Monday with Azerbaijan to double imports of Azeri natural gas to at least 20 billion cubic meters a year by 2027.

“Today, with this new Memorandum of Understanding, we are opening a new chapter in our energy cooperation with Azerbaijan, a key partner in our efforts to move away from Russian fossil fuels,” Commission President Ursula von der Leyen said.

The EU is seeking alternative suppliers to Russia because of Moscow’s invasion of Ukraine.

Azerbaijan is already increasing deliveries of natural gas to the EU from 8.1 billion cubic meters in 2021 to an expected 12 bcm in 2022, the Commission said.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.