EUROPE

The preparation of a feasibility study on the possibility of exporting electricity from Central Asian countries to Europe through the territory of Azerbaijan will begin this year, the Deputy Energy Minister of Azerbaijan Elnur Soltanov told reporters, Trend reports.

He noted that the technical condition for attracting companies to carry out the work outlined within the project is already ready.

Azerbaijan has exported 2.1 billion cubic meters of gas to Europe during the first two months of 2024, the country’s energy minister Parviz Shahbazov wrote on X, Trend reports.

„From January to February of this year, Azerbaijan exported 2.1 billion cubic meters of gas to Europe, 1.4 billion cubic meters to Türkiye, and 0.6 billion cubic meters to Georgia“, Shahbazov stated.

The Minister of Industry and Infrastructure Development of Kazakhstan, Marat Karabayev, introduced to the Minister of Transport and Digital Development of Azerbaijan, Rashad Nabiyev, the draft road map for the development of the Trans-Caspian International Transport Route (TITR), which is planned to be signed by its participants.

Kazakhstan accounts for 80 percent of the transit land shipments along the China-Europe route, Kazakhstan's President Kassym-Jomart Tokayev said during his meeting with Germany's President Frank-Walter Steinmeier in an expanded format, Trend reports.

Commissioning of the Trans Adriatic Pipeline (TAP) on time was very crucial, Assistant Secretary of State for Energy Resources Geoffrey Pyatt told Greek media, Trend reports.

He believes that this enabled Europe to successfully pass the winter test.

Pyatt went on to add that liquified natural gas supplies also played an important role in Europe’s energy diversification.

Europe relies on natural gas supplies from Azerbaijan.

This was stated by the ex-president of the Republic of Bulgaria, Petar Stoyanov, in "Trend" on November 17, 2022.

"Azerbaijan will play a very important role as Europe's energy partner, especially when we are facing the current energy crisis. Not only Bulgaria, but also all of Europe rely on the future energy cooperation with Azerbaijan," said Petar Stoyanov.

The Middle Corridor (Trans-Caspian International Transport Route) plays an important role in the transportation of goods from China to Europe across the countries participating in the route against the background of the COVID-19 pandemic and the geopolitical situation, Logistics Director of the Turkish Albayrak Group of Companies Harun Oncu told reporters, Trend reports on November 14.

According to Oncu, geo-economic changes and current realities require the creation of new, alternative routes.

The cargo is transported and transited between Azerbaijan and Kazakhstan along the Europe-Caucasus-Asia (TRACECA) transport corridor as usually, Rufat Bayramov, Permanent Representative (National Secretary) of the Permanent Secretariat of the Intergovernmental Commission TRACECA stated.

Bayramov said that cargo is transported both to Azerbaijan and from Azerbaijan to Kazakhstan by ferry and railway as usually.

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 capabilities of the Europe-Caucasus-Asia (TRACECA) transport corridor should be expanded even more, Ukrainian Minister of Infrastructure Vladyslav Krykliy said.

Krykliy made the remark at the event in Baku dedicated to the 20th anniversary of the signing the Basic Multilateral Agreement on International Transport for Development of the Europe-Caucasus-Asia Corridor and the 14th meeting of the Permanent Secretariat of the TRACECA Intergovernmental Commission (IGC), Trend.az reports on December 6-th, 2019.