BAKU, Azerbaijan, February 3. I am grateful to the Government of Azerbaijan for increasing the supply of natural gas by 40 percent, EU Commissioner for Energy Kadri Simson said at a press conference dedicated to the results of the 9th ministerial meeting within the framework of the Advisory Council on the Southern Gas Corridor and the 1st ministerial meeting within the framework of the Advisory Council on Green Energy, Trend reports.
According to Simson, last year was unstable for the EU in terms of energy security.
"However, we united and started looking for ways and Azerbaijan helped us a lot in this matter. I am grateful to the Government of Azerbaijan that it has increased the supply by 40 percent. Of course, we understand that all these works take time, but Azerbaijan was quick in solving this issue," she added.
Southern Gas Corridor started transportation of Azerbaijani gas to Europe on December 31, 2020. It transports of gas from the Caspian Sea region to European countries through Georgia and Türkiye.
This large-scale project is aimed at the diversification of energy supply routes and sources, thereby contributing to strengthening Europe’s energy security. The project’s cost totaled $33 billion, as compared to the forecast of $45 billion. Capital expenditures on the SGC project are expected to be fully reimbursed within 8-10 years.
Azerbaijan's export of natural gas to the European Union market will stand at 11.6 billion cubic meters as of 2023. Total export of natural gas from Azerbaijan this year will be almost 24.5 billion cubic meters.