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Romania confident in extending gas supply contract with Azerbaijan beyond 2024

Oil&Gas Materials 19 May 2023 18:02 (UTC +04:00)
Romania confident in extending gas supply contract with Azerbaijan beyond 2024
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, May 19. Romania is confident in extending gas supply contract with Azerbaijan beyond 2024, Virgil-Daniel Popescu, Romanian Energy Minister, said in an exclusive interview with Trend.

He recalled that ROMGAZ and SOCAR entered into contractual arrangements starting with the beginning of this year.

“Such contractual arrangements formed the basis for a constructive joined work and proved to be a new milestone for strengthening the good cooperation relationship between the two companies. Therefore, we are confident that such cooperation will be extended beyond 2024, not only by entering into new gas supplies contracts but also into other potential projects of mutual interest,” added the minister.

On February 3, 2023, SOCAR, Azerbaijan's state oil company, and Romgaz S.A., Romania's energy company, signed a gas supply agreement during the Southern Gas Corridor Advisory Council's meeting in Baku. The agreement outlines the transportation of 1 billion cubic meters of gas from Azerbaijan to Romania from 2023 to 2024.

This contract builds upon previous agreements signed by the two companies on October 9 and December 16, 2022, which established the legal framework for energy relations between Azerbaijan and Romania. These documents not only expand Azerbaijan's export opportunities but also contribute to enhanced cooperation, Europe's energy security, and the promotion of green energy strategies.

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