Baku, Azerbaijan, July 29
By Leman Zeynalova - Trend:
Europe will have 102.5 billion cubic meters per year (Bcm/y) of new gas pipeline capacity throughout 2020, Trend reports citing Gas Exporting Countries’ Forum (GECF).
“In the short term, we could anticipate a further increase in pipeline gas supply to Europe, with the commissioning of new gas pipelines being one of the key driving forces,” said GECF in its report.
The report recalls that in June 2018, commercial gas flows from Azerbaijan to Turkey started with the commissioning of the first phase of the Southern Gas Corridor (TANAP). In 2020, with the completion of the second phase of the Southern Gas Corridor (TAP), the total export capacity of the pipeline from Azerbaijan will reach 16 Bcm/y, said GECF.
“Besides, in 2019-2020 new gas pipelines will come from Russia with its Nord Stream 2 project (55 Bcm/y) and TurkStream project (31.5 Bcm/y). As a result, throughout the next year, 102.5 Bcm/y of new gas pipeline capacity from external countries will come online in Europe. The pipeline capacity of the three above-mentioned projects represents 19 percent of 2018 Europe’s gas consumption. This illustrates that European reliance on natural gas imports is strengthening and that pipeline gas will continue to play a crucial role in the energy mix of the European continent,” reads the report.
The GECF as a key player will continue to be the backbone of the supplies of natural gas in pipeline and LNG forms to the world in general and to its European partners in particular.
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