FED'S BARKIN: LOOKING FOR MORE EVIDENCE OF INFLATION'S DECLINE

BARKIN: FED SHOULD ACT DELIBERATELY, KEEP CLOSE EYE ON ECONOMY

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

US Treasury Auction Calendar

Broad-based Softening In June Underlying Inflation Metrics

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Azeri President Says EU Unwilling to Finance Gas Projects

NATGAS
Energy BulletsCommoditiesCEEMEA

The EU expects Azerbaijan to increase natural gas production and boost flows to Europe, but is not willing to finance such projects, according to Azerbaijan’s President Ilham Aliyev, cited by Bloomberg.

  • The bloc has yet to provide Azerbaijan with a guarantee that it will continue buying gas in the future, Aliyev said.
  • Azerbaijan agreed in 2022 to increase gas exports to Europe to 20 bcm/y, compared to 8 bcm/y prior to Russia’s invasion of Ukraine.
  • Azeri gas exports to Europe are expected to hit 12 bcm in 2024.
88 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The EU expects Azerbaijan to increase natural gas production and boost flows to Europe, but is not willing to finance such projects, according to Azerbaijan’s President Ilham Aliyev, cited by Bloomberg.

  • The bloc has yet to provide Azerbaijan with a guarantee that it will continue buying gas in the future, Aliyev said.
  • Azerbaijan agreed in 2022 to increase gas exports to Europe to 20 bcm/y, compared to 8 bcm/y prior to Russia’s invasion of Ukraine.
  • Azeri gas exports to Europe are expected to hit 12 bcm in 2024.