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EU Draft Proposal for Azerbaijan Gas

NATURAL GAS

The EU Commission has proposed a deal to import gas from Azerbaijan with a pipeline expansion required to do so.

  • “The Sides aspire to support bilateral trade of natural gas, including through exports to the European Union, via the Southern Gas Corridor, of at least 20 billion cubic metres of gas annually by 2027, in accordance with commercial viability and market demand,” said the document.
  • The draft is still open to changes and needs approvals from governments involved.
  • The increase in deliveries to Europe would result in gas production in Azerbaijan increasing.
Energy BulletsCommodities
Energy BulletsCommodities

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