The 10th Southern Gas Corridor and 2d Green Energy Advisory Council Ministerial Meetings happened in Baku in Azerbaijan
Plans to enlarge the Southern Gas Corridor and supply extra fuel for Europe had been mentioned in Azerbaijan.
23 international locations within the Southern Gas Corridor council met in Baku to talk about the capability of fuel provide growth, observed as a the most important path of fuel provide diversification for the EU and its neighbouring international locations.
High at the schedule was once the exploration of joint targets to verify long-term power safety, diversification of provide, and a transition to inexperienced and renewable power.
“We do it not because we lack traditional resources, but because we want to contribute, using the financing, using the revenues which we get from oil and gas sales to invest in renewables and to create a common understanding about the need for that,” mentioned Azeri President Ilham Aliyev.
The strategic power partnership between Azerbaijan and the EU was once additionally mentioned, in conjunction with the achievements and subsequent steps within the operation and construction of the Southern Gas Corridor.
Last yr, Azerbaijan higher its fuel exports by way of 9 in keeping with cent as much as 22 billion cubic metres. Its primary consumers are recently Italy, Greece, Romania, Hungary and Bulgaria.
“There are many, new, partner countries who are willing to receive additional volumes of natural gas, even though we are transitioning away from fossil fuels,” mentioned Kadri Simson, European Commissioner for Energy.
“But, this takes some decades. Now we want to establish also the futureproof cooperation,” she added.
Collaboration around the trade is observed by way of many as key to its additional construction for the foreseeable long run.
