BAKU, Azerbaijan, May 25. If Azerbaijan maintains the current level of exports to Europe throughout 2022, exports will increase by around 3 billion cubic meters year-on-year, Trend reports with reference to the Global Gas Report 2022 (GGR) released by the International Gas Union (IGU), Snam and Rystad Energy.
“The European Commission has presented plans for increasing the imports of piped gas from non-Russian sources by 10 Bcm before the end of 2022, with most of these incremental volumes expected to come from Norway, Algeria and Azerbaijan. There is sufficient spare pipeline capacity to meet this target, but the question remains around these countries’ ability to increase output from their fields. The Norwegian Petroleum Directorate (NPD) published a revised production forecast in February 2022, implying a 5.15 Bcm increase in 2022 output compared to 2021. There is available gas pipeline capacity between Algeria and Europe, but an increase in flows is subject to Algeria's ability to increase upstream production. In April 2022, Eni and Sonatrach signed an agreement to increase gas flows from Algeria to Italy from 2022, by up to 9 Bcm per year in 2023-2024,” the report reads.
Azerbaijan’s gas exports to Europe began on December 31, 2020 with the commissioning of the Southern Gas Corridor comprising of the South Caucasus Pipeline Expansion, the Trans Anatolian Natural Gas Pipeline (TANAP) and the Trans Adriatic Pipeline (TAP).
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