Azerbaijan is ready to increase gas supplies to Europe

Additional investments from international partners are required to increase the volume of Azerbaijani energy resources in the European market.

At the World Economic Forum in Davos , Azerbaijani Economy Minister Mikayil Jabbarov said that his country is ready to increase energy supplies to Europe.

This is reported by EurAsia Daily.

“Azerbaijan is being asked to increase energy supplies. We are ready to increase supplies to the market. However, over the past few years, investments in the sector have been insufficient due to the policy of financial institutions regarding fossil fuels, in particular natural gas,” the head of the Ministry of Economy of Azerbaijan said.

He also recalled that Azerbaijan is a major supplier of gas to Georgia and Turkey, from where blue fuel is transported to Greece, Bulgaria, Italy and Albania. “Now we are working with our partners to increase gas supplies to Europe,” the minister assured.

According to him, the policy of joint development of Azerbaijan’s energy resources is carried out, in particular, with the European Bank for Reconstruction and Development.

“Azerbaijan began the process of assimilation of investments in pipeline infrastructure, exploration, development and production in 2012. The issues on our agenda today are the level of additional commercial risks that local and foreign companies in Azerbaijan could now take on, ways to manage these risks, ways to use the support of international institutions and the need for a smooth transition to green energy,” Jabbarov said.

Recall, Prime Minister Denys Shmigal said that due to the fact that Ukraine became part of the EU energy union, it will be able to export enough electricity there to help Europe abandon the consumption of Russian coal and reduce gas consumption.

Read also:

Related Posts

macron in the us will discuss the war in ukraine

Macron in the US will discuss the war in Ukraine with Biden – CNN

A joint press conference of the presidents is to be held on December 1. Emmanuel Macron / photo French President Emmanuel Macron will discuss the war…

when ukraine will return crimea arestovych gave an encouraging forecast

When Ukraine will return Crimea: Arestovych gave an encouraging forecast (video)

Crimea is an extremely inconvenient and vulnerable object for defense. Ukraine can return Crimea in six months / photo Oleksiy Arestovych, adviser to the President’s Office,…

the armed forces sent about 590 more occupiers to hell

The Armed Forces sent about 590 more occupiers to hell: the General Staff revealed new losses of the Russian Federation

Also, five enemy armored combat vehicles were destroyed during the day. During the day, the Armed Forces “passed” not only the manpower of the enemy, but also…

kherson is vulnerable to most russian artillery systems british

Kherson is vulnerable to most Russian artillery systems – British intelligence

The Russians are now shelling Kherson from the left bank of the Dnipro River, from behind the recently fortified defensive lines. The Russians are constantly shelling Kherson…

they will not stop the ministry of internal affairs announced

Energy experts know where the Russians will aim – an expert

Active work is currently underway to minimize the possible consequences of enemy missile strikes. The occupiers will continue their attacks on Ukraine’s energy industry / photo ,…

britain goes into energy saving mode financial times

Britain goes into energy-saving mode – Financial Times

Some households could save up to £500 a year by cutting their energy bills by 15%. France and Germany have already started information campaigns on energy saving…

Leave a Reply

Your email address will not be published. Required fields are marked *