President of the State Oil Company of Azerbaijan (SOCAR) Rovshan Najaf discussed issues of cooperation in the gas sector with Chairman of the Management Committee of Gazprom Alexei Miller, Trend reports via Gazprom.
The Greek group "Copelouzos" will soon buy out Gazprom's stake in the Greek consortium "Prometheus Gas" and will become the sole shareholder in the consortium, as it currently owns 50 percent of the capital and the rest 50 percent are held by the Russian state-owned gas giant, a source from " Copelouzos" told Agence France-Presse today, BTA reported.
"This is a divorce by mutual consent mainly because of the war in Ukraine and the European sanctions," said an employee of the Kopeluzos group, who wished to remain anonymous.
Europe will not be able to completely abandon Russian gas, but it needs to look for alternatives to supplies from Gazprom, Trend reports citing “The Economist”.
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.
Armenia will be supplied with natural gas from Russia, through the territory of Azerbaijan, this is a tremendous geostrategic move that connects, unlike any other time, the governments of Azerbaijan and Russia, Peter M. Tase, US expert, strategic adviser on international affairs and public diplomacy to governments, universities, and corporations in Europe and the Americas told Trend.
