The European Commission (EC) announced a meeting of European Commissioner for Energy Kadri Simson and Azerbaijani Energy Minister Parviz Shahbazov on July 5 in Vienna.
“On July 5, Kadri Simson will hold a meeting with Azerbaijani Energy Minister Parviz Shahbazov in Vienna,” the EC reported last Friday. About a year ago, on July 18, 2022, a Memorandum of Understanding on strategic partnership in the energy sector was signed between the European Commission and the Republic of Azerbaijan in Baku. This document provides for increasing the volume of Azerbaijani gas supplies to the EC to 20 bcm by 2027.
By the end of 2021, Azerbaijan supplied 8.15 bcm of gas to European countries, in 2022 the volume of supplies increased to 11.4 bcm. For the current year, the sale of Azerbaijani gas in Europe is projected to equal about 12 bcm.
Caspian Barrel
