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MOSCOW : Azerbaijan plans to barely enhance its pure fuel exports to Europe subsequent 12 months, the nation’s president was quoted as saying on Saturday, as Brussels seeks to switch falling power provides from Russia.
President Ilham Aliyev mentioned his nation’s fuel exports to Europe had been set to rise to “not less than” 11.6 billion cubic metres (bcm) subsequent 12 months from an estimated 11.3 bcm this 12 months, the Interfax information company reported.
Final 12 months, Azerbaijan equipped 8.2 bcm of the gasoline to Europe, he added.
Aliyev mentioned Azerbaijan’s complete fuel exports, together with provides to Turkey, had been forecast to extend to about 24 bcm subsequent 12 months, up from 19 bcm in 2021, Interfax reported.
Russian power large Gazprom mentioned on Thursday its fuel exports to non-CIS (Commonwealth of Impartial States) international locations had been down 45.1 per cent to 97.8 bcm between Jan. 1 and Dec. 15 from the identical interval in 2021.
The Worldwide Vitality Company has mentioned that if Russia was to chop the small share of fuel it nonetheless delivers to Europe, and Chinese language fuel demand rebounded from COVID-19 lockdown-induced lows, the European Union may face a fuel shortfall of 27 bcm in 2023.
Complete EU fuel consumption was 412 bcm in 2021.
The leaders of Azerbaijan, Georgia, Romania and Hungary additionally signed an settlement on Saturday on an underwater electrical cable beneath the Black Sea to hold inexperienced Azeri power to Europe.
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