The Azerbaijan Oil Company (SOCAR) intends to extend the gas supply contract signed with Romania until 2026, as reported by SOCAR Vice President Elshad Nasirov at the VIII meeting of the intergovernmental commission between Azerbaijan and Romania for cooperation commercial and economic, TASS reports on April 1.
As Nasirov said: “On March 31 of this year, the contract between us expired, according to which we could supply Romania with up to one billion cubic meters. m of gas without preconditions. “We are willing to renew the contract for this year and next.”. At the same time, he noted that the development of events will depend on the wishes of the Romanian side.
Recall that in February 2023 a contract was signed between SOCAR and the Romanian Romgaz SA for the supply of gas from Azerbaijan to Romania up to one billion cubic meters of gas from April 1, 2023 to March 31, 2024.
It should be noted that on December 31, 2020, Azerbaijan began supplying gas on a commercial basis to Europe through the Trans-Adriatic Gas Pipeline, which is an integral part of the Southern Gas Corridor (SGC). The gas supply is designed for 25 years with annual exports of more than 10 billion cubic meters. m of gas to the European market, of which 8 billion cubic meters. m is exported to Italy and one billion cubic meters each. m – received by Greece and Bulgaria. According to the Ministry of Energy of Azerbaijan, between January and November 2022 Europe received 10.3 billion cubic meters. m of gas.
It should be noted that the Southern Gas Corridor is an integrated gas pipeline system with a length of 3.5 thousand km from Baku to southern Italy through Georgia, Turkey, Greece and Albania. The production volume is 16 billion cubic meters. m of gas per year. The main source is the Shah Deniz field with reserves of 1.2 trillion cubic meters. meter.
Source: Rossa Primavera
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