European Union leaders pledged in May to stop Russian energy imports as a part of a broader effort to censure and sanction Moscow for its invasion of Ukraine.
Azerbaijan says it has exported about 230 million francs worth of crude oil to Switzerland this year. Regarding the conflict in Nagorno-Karabakh, Azerbaijan’s ambassador to Switzerland says that legal proceedings
Romanian state-owned gas producer Romgaz and Azerbaijan’s state energy firm SOCAR have agreed to jointly explore the feasibility of developing a liquefied natural gas (LNG) project in the Black Sea.
“Azerbaijan is an important and reliable partner for the supply of natural gas, which can significantly contribute to the replacement of part of Russian natural gas imports and to the security of Europe’s supply,” stressed Energy and Environment Minister Kostas Skrekas
Azerbaijan has the potential to exceed its pledge to at least double natural gas exports to Europe to 18 billion cubic meters by 2027, according to President Ilham Aliyev.
The way things are going, Europe will soon completely stop importing gas from Russia, however painful this may be for both sides.
In the presence of the President of the European Commission, Ursula von der Leyen, and five regional leaders, the Bulgarian-Greek gas connection, through which our country already receives Azeri natural gas, was officially launched in Sofia. In her speech she stated:
Azerbaijan is doing everything in its power to supply gas to Romania, but there are at least 10 European countries that are now demanding gas from the Caspian state, said
Romania has an agreement with Azerbaijan for the import of gas, in an effort to diversify energy sources, according to sources familiar with the matter consulted by Economedia.ro. At the moment,
Azerbaijan will increase natural gas exports to Europe this year by 30 percent as the EU seeks to lessen its dependence on Russian energy amid the Kremlin's invasion of Ukraine.
Country hopes Azerbaijan’s Socar will move forward with exploration of two prospective blocks with wider energy cooperation between two nations on table.
Azerbaijan, a large energy producer, also has the potential to become a starting point on a green energy corridor to European markets.
Azerbaijan seems capable of supplying the extra gas, but a lot will depend on continuing exploration work, financing and whether or not Turkey will turn down the gas.
Talks have begun among shareholders in the Trans-Adriatic pipeline (TAP) to expand its capacity, Azerbaijan’s President Ilham Aliyev said on Friday (2 September), saying quick progress was necessary for his country to be able to boost gas exports to Europe.
Opportunities to deepen the bilateral cooperation between Bulgaria and Azerbaijan in areas of mutual interest, including energy, economy and investment, were on the agenda during a phone call between Bulgarian
An energy watcher recalls how Europe’s fixation with market powers drove it into the arms of a Russian monopolist.
Russia still plays an important role as an energy supplier to Germany, but it is rapidly losing its former importance for German companies as an export market.
Oil and gas major BP has started a planned maintenance programme on the Shah Deniz Alpha platform in the Caspian Sea and Shah Deniz 1 facilities inside the Sangachal Terminal in Azerbaijan.
As the Ukraine conflict makes Black Sea shipments difficult, Kazakhstan looks at an alternative route to export its oil to Europe.
In general, the new deal between Baku and Brussels reaffirmed Europe’s interest in the South Caucasus, which has significantly grown since the start of the Russian-Ukrainian war.
Kazakhstan is seeking to sell some crude oil through Azerbaijan's biggest pipeline from next month as it seeks alternative routes to one that Russia has threatened to shut down.
Abu Dhabi's clean energy company Masdar has achieved a financial close on its 230-megawatt Garadagh solar power plant in Azerbaijan as the company continues to boost its renewables portfolio across the globe.
This will not only support Azerbaijan’s decarbonisation agenda, but also contribute to European energy security by increasing availability of domestic gas for exports.
UBOC, a unit of SOCAR, has let a high-pressure high temperature subsea riser contract to Aquaterra Energy for work offshore Azerbaijan.
