Projects for Azerbaijani gas supplies to Europe have been included in the 5th list of projects of common interest (PCI) of the European Union, the European Commission reports.
Since the start of the year, wholesale gas prices in Europe have risen by 250 percent. The record-high prices in Europe are driven by increased demand (due to the wider economic recovery and weather-related factors), competition with Asia for LNG, and a limited supply response from Gazprom, Europe’s largest supplier, providing about a third of Europe’s gas. The current gas supply crunch in Europe once again showed the importance of diversification of gas supply routes and sources.
The Southern Gas Corridor, launched in late 2020 to supply Azerbaijani gas to Europe, will be discussed at the 5th Meeting of TEN-E (Trans-European Networks for Energy) cross-regional groups, Trend reports with reference to the European Commission.
The discussions are scheduled for June 22.
Azerbaijani Minister of Energy Parviz Shahbazov received a delegation led by Romanian Deputy Minister of Economy, Energy and Business Environment Niculae Havrilet that is in Baku to attend the sixth meeting of the Advisory Council of the Southern Gas Corridor, “Trend.az” reports referring to the Azerbaijani Ministry of Energy.
The representatives of TRANSGAZ S.A. and ROMGAZ S.A. companies attended the meeting.
