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BAKU, Azerbaijan, January 17. Extra gasoline
volumes to Europe from Azerbaijan might assist to ease the
cost-of-living disaster, Tatiana Khanberg, Director Strategic
Communications and Membership, on the Worldwide Fuel Union (IGU)
informed Pattern.
“Europe is just not out of the woods within the power disaster, and so
far, fortunately the climate has been on its facet. Delicate winter
temperatures and excessive storage ranges cooled the costs from final
the peaks of the final two years; nonetheless, the market fundamentals
stay very tight and this equilibrium is fragile. The extra
pipeline and gasoline volumes by means of the Southern Fuel Hall as
prompt, would supply larger power safety, whereas enhancing
affordability and an improved flexibility – which is at all times
optimistic for the market. Extra gasoline volumes to Europe from
Azerbaijan might assist to ease the cost-of-living disaster and assist
reopening of the business which needed to shut as a result of earlier
worth crunches,” stated Khanberg.
She identified that elevated pipeline capability additionally reduces
the problem of bottlenecking, which has plagued Europe after its
break up from Russian pipelines.
“The European power market will proceed to evolve, as coverage
promotes decarbonisation wanted to fulfill bold local weather targets.
Pure gasoline infrastructure is integral to allow an reasonably priced,
safe, and sustainable — in each sense of the phrase — power
transition. Pure gasoline is vital for sustaining power system
stability, and it’s the best choice for assembly the rising
wants for flexibility to combine the deliberate tripling of
renewables. Because the gasoline business too is engaged on decarbonisation,
gasoline infrastructure additionally gives a significant automobile for delivering low
and zero-carbon power because the shares of renewable and decarbonised
gases will increase.
Extra gasoline infrastructure is required for a safe power
transition, and it’s good to see that maybe the teachings of the
final two years are bearing fruit of optimistic developments, like
this one,” added Khanberg.
In an interview with native TV channels on January 10,
Azerbaijan’s President Ilham Aliyev stated that to this point, Georgia,
Türkiye, Greece, Bulgaria, Italy, Romania, Hungary have already
joined Azerbaijan’s gasoline system, numerous interconnectors have been
created, and the driving pressure of all these interconnectors has
been the Southern Fuel Hall.
“As a result of if we hadn’t provide you with this initiative in good time,
and never solely with the initiative, if we hadn’t applied it, of
course, there can be no discuss of any interconnector at present. All
these interconnectors, together with Greece-Bulgaria and
Bulgaria-Serbia, Romania and Hungary, are branches of the Southern
Fuel Hall. So, at present eight international locations are shopping for Azerbaijan’s
gasoline, six of them are European international locations. The variety of these
international locations will additional enhance sooner or later. As a result of we are actually
concerned in talks with a number of European international locations, and I can say
that the negotiations are at an vital stage.
The demand is there and can proceed to develop, we have now the
assets, the “Shahdeniz” gasoline subject is the most important gas-condensate
subject on this planet. We began final yr, however 1.5 billion cubic
meters of gasoline will likely be extracted from the Absheron gasoline subject this
yr. That is a further useful resource for us. After that, at the least
such a job has been set earlier than the top of this yr, by December,
I hope that first gasoline will likely be produced from the
Azeri-Chirag-Guneshli subject as a part of a mission known as “Deep Fuel”.
The potential is sort of immense there too.
We’ve different initiatives and the second part of the “Absheron”
gasoline subject – a call should even be made on that as effectively, i.e. an
funding determination. If this determination is made, and I’m certain it
will likely be, the amount of annual manufacturing from “Absheron” will likely be 5
billion cubic meters. This can be a very excessive determine. Other than that,
“Shafag”, “Asiman”, “Umid”, “Babek”, “Nakhchivan”, “Karabakh” –
preparation work is underway on all these fields, and their
useful resource base is sort of giant.
In different phrases, once I as soon as stated that Azerbaijan would proceed
to be an vital associate even after 100 years, I meant precisely
that, and at present it’s coming true. I need to additionally state that the
Southern Fuel Hall is now working at full capability, and if we
wish to ship further gasoline volumes by means of this hall, it should
be expanded. In fact, further funds needs to be invested there,
however it may be expanded by the use of pump stations, and there may be
demand. In precept, the creation of a brand new gasoline infrastructure in
Azerbaijan may be thought of sooner or later, and we’re additionally
contemplating this,” stated President Ilham Aliyev.
Observe the writer on X: @Lyaman_Zeyn
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