Ukraine makes energy proposal to Azerbaijan

Azerbaijan will strengthen its position as a reliable supplier of energy resources through joint projects with Ukraine, Ukraine’s First Deputy Prime Minister and Minister of Energy Denys Shmyhal said while speaking at the 31st Baku Energy Forum.

“Ukraine has already become part of the renewed European gas map, including the Trans-Balkan route, through which Caspian gas can reach energy-deficient regions of Europe. The first test supplies of Azerbaijani gas through this corridor have shown that this concept is becoming a reality.

In addition, Ukraine has the largest underground gas storage facilities on the continent, with a total capacity of around 30 billion cubic meters. These capacities can serve as a regional seasonal buffer, act as a stabilizing mechanism and become an element of a new architecture of energy supplies,” Shmyhal said, according to Report.

The Ukrainian minister stressed that such cooperation would benefit all participants.

“Azerbaijan will strengthen its reputation as a reliable supplier. Ukraine will reinforce its status as a key transit and service hub. Europe, in turn, will gain stable alternative sources of energy,” he added.