Can Azerbaijan step up as a supplier for southeast Europe? [Gas in Transition]

Abstract

Azerbaijan can doubtlessly increase its provides to Europe to assist the continent wean itself off Russian gasoline, however rather a lot will depend upon the outcomes of upcoming exploration work, Turkey’s place and entry to financing. [Gas in Transition, Volume 2, Issue 8]

Azerbaijan is taken into account as one of many necessary and dependable gasoline suppliers for the EU, notably its members in southeast Europe, lots of which have traditionally been fully reliant on Russian provide. With the completion of the Southern Fuel Hall on the finish of 2020 after years of political tinkering and help, the implicit assumption that the EU could be prepared for a various supply of provide was proved. It  demonstrated the potential for these gasoline volumes to compete with Russian imports.
The European market generally and particularly southeast Europe is changing into extremely unpredictable and has already skilled many modifications lately, by way of provide/demand dynamics  and power transition aims. Regardless of this volatility, which causes uncertainty for each suppliers and wholesalers, the market stays extraordinarily engaging for brand spanking new suppliers as a result of present good returns.
The…