Azerbaijan continues to replace Russian gas in the EU: one more country received supplies
According to forecasts, in 2024, Azerbaijan will export about 25 billion cubic meters of gas, including 13 billion cubic meters to Europe.
The Azerbaijani company SOCAR has started supplying gas to Slovenia. Thus, this country became the seventh in Europe to purchase Azerbaijani gas. About this informs “Interfax”.
It is noted that the supplies are made in accordance with the memorandum of understanding signed between SOCAR and Geoplin, the largest company in the Slovenian natural gas market, on July 17 of this year. This is an important step for both countries, as it contributes to strengthening energy security and diversification of energy supply sources.
Slovenia joins Turkey, Georgia, Italy, Greece, Bulgaria, Romania, Hungary and Serbia as the ninth country to receive Azerbaijani gas. This expansion of the market for Azerbaijan also shows the growing confidence of European countries in the reliability of gas supplies from Azerbaijan.
“SOCAR and Geoplin plan to further develop long-term energy partnership”, – said the message of SOCAR.
This partnership may include increased supply, joint investment in infrastructure, and other forms of cooperation.
In 2023, the export of Azerbaijani gas increased by 5.3% to 23.8 billion cubic meters, and the supply of Azerbaijani gas to Europe increased by 3.5% to 11.8 billion cubic meters in the same year. This growth confirms the growing demand for Azerbaijani gas in Europe, which helps countries in the region reduce their dependence on Russian gas.
Azerbaijan is expected to export about 25 billion cubic meters of gas in 2024, including 13 billion cubic meters to Europe. This significant increase in deliveries reflects Azerbaijan’s efforts to increase its share in the European market.
Previously, Geoplin had contracts with the Russian company Gazprom, but due to political and economic changes, as well as the EU’s desire to reduce dependence on Russian gas, Slovenia chose an alternative supplier in the form of SOCAR. This decision is part of the European Union’s broader strategy to diversify energy sources and strengthen energy security.
