The Vertical Gas Corridor is expanding through Moldova and Ukraine, reinforcing the key regional role of the IGB pipeline

Diana Zaikova

Plans to expand the capacity of the IGB interconnector to 5 billion cubic meters per year will be of great importance to be able to transfer 10 billion cubic meters per year of LNG from the terminals in Greece and Caspian gas through the Southern Gas Corridor, reaching Moldova, Ukraine, Hungary and Slovakia.

7th meeting of Azerbaijani – Romanian inter-government commission to be held in Bucharest


The 7th meeting of the Joint Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation between the governments of Azerbaijan and Romania will be held in Bucharest, co-chairman of the commission from the Azerbaijani side, Minister of Labour and Social Protection of Population Sahil Babayev said, the ministry told Trend.

Teodor Detchev: There are five reasons why Azerbaijan is valuable for Europe

Nicoleta Rilska

In Azerbaijan, the regime is liberalized in proportion to the quantities of gas that have to travel to Europe – there is an obvious correlation and it is positive. The country is valuable to Europe for five reasons. These are:

- natural gas;

- Azerbaijan's huge potential to produce green energy to be imported to Europe - Azerbaijan has the ability to produce wind energy around the clock;

Hungary, Bulgaria, Romania preparing agreement for gas supplies from Azerbaijan - Péter Szijjártó


Hungary, Bulgaria and Romania are preparing an agreement for gas supplies from Azerbaijan, Péter Szijjártó, Minister of Foreign Affairs and Trade of Hungary, said, following the meeting of the ministers of the countries of Organization of Turkic States, Trend reports via Hungarian media.

According to the minister, an agreement has been reached to launch the supply of 100 million cubic meters of gas from Azerbaijan to Hungary this year.

Azerbaijan continues implementing project of green energy export to EU


Implementation of the project covering transfer of green energy from Azerbaijan to Romania and Hungary through Georgia and the Black Sea continues, Azerbaijan’s Energy Minister Parviz Shahbazov said, Trend reports via the ministry.

Shahbazov made the remark within the Berlin Energy Transition Dialogue conference during a roundtable dedicated to perspectives for a future energy partnership.

Four EU countries setting up working group for project to boost Azerbaijan gas imports


Four EU countries are setting up a working group for the project to boost Azerbaijani gas imports, Slovakian Ministry of Economy told Trend.

Slovakia, Hungary, Romania and Bulgaria have asked the European Commission to allocate funds for developing infrastructure to get additional natural gas from Azerbaijan. It is about developing the existing infrastructure, construction of new interconnectors and expanding the capacity of the existing ones.

Azerbaijan to become important green energy, hydrogen supplier to Europe – minister


Azerbaijan will become an important green energy and hydrogen supplier to Europe in the near future, said Azerbaijan’s energy minister Parviz Shahbazov, Trend reports.

He was addressing the ministerial meeting of the Southern Gas Corridor Advisory Council held in Baku Feb.3.

Parviz Shahbazov said that the Green Energy Advisory Council, along with the Southern Gas Corridor Advisory Council, proves that along with natural gas, green energy is a priority for Azerbaijan.

Saudi Arabia eyes joining agreement on Azerbaijan’s export of “green” electricity


Saudi Arabia expressed its desire to join the process of exporting ‘green’ electricity from Azerbaijan to Europe, Minister of Investment of Saudi Arabia, co-chair of the joint commission of the two countries Khalid bin Abdulaziz Al-Falih said on December 19, Trend reports.

Al-Falih made the remark at the 7th meeting of the Joint Commission on Cooperation between Azerbaijan and Saudi Arabia held in Baku.

Independent transmission operator ICGB renewed its participation in the Memorandum of Understanding on the implementation of the Vertical Gas Corridor


Representatives of ICGB AD (Bulgaria), Bulgartransgaz EAD (Bulgaria), DESFA S.A. (Greece), Gastrade S.A. (Greece), FGSZ LTD (Hungary) and SNTGN TRANSGAZ S.A. (Romania) signed the renewal of the Memorandum of Understanding on the implementation of the Vertical Gas Corridor. The meeting took place in Athens, Greece.

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