Azerbaijan to increase natural gas supplies to Europe by 30% in 2022

Azerbaijan plans to spice up its provides of pure gasoline to Europe by 30 per cent this yr, pumping 10.5 billion cubic metres (bcm) of gasoline, the nation’s state oil firm SOCAR mentioned.

“Getting a direct entry to the European market has ensured the diversification of Azerbaijan’s export capability. This provides worth to Azerbaijan’s economic system, on the similar time cementing the nation’s standing as Europe’s dependable gasoline provider,” Xinhua information company quoted SOCAR as saying in an announcement.

Azerbaijan exported 2.6 bcm of pure gasoline to Europe within the first quarter of 2022.

The nation began industrial pure gasoline deliveries to Europe through the Trans Adriatic Pipeline (TAP) in late 2020.

The pipeline is the ultimate leg of the three,500 km-long Southern Fuel Hall, which pumps gasoline from Azerbaijan’s large Shah Deniz II area within the Caspian Sea.

(Solely the headline and movie of this report might have been reworked by the Enterprise Normal employees; the remainder of the content material is auto-generated from a syndicated feed.)

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