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Gas: The EU wants to "double" its imports from Azerbaijan - Economic Policy

Gas: The EU wants to “double” its imports from Azerbaijan – Economic Policy

European Commission President Ursula von der Leyen has announced an agreement with Azerbaijan to double EU gas imports “within a few years”.

Brussels is seeking to diversify European supplies to free itself from Russian supplies on which Europe is very dependent. Moscow has already started to turn off the tap and the Europeans fear a total disruption of deliveries in reaction to the sanctions imposed against the invasion of Ukraine.

“The EU is turning to more reliable energy suppliers. Today I am in Azerbaijan to sign a new agreement. Our goal: to double gas supplies from Azerbaijan to the EU in a few years. (This countries) will be an essential partner for our security of supply and on the way to climate neutrality,” von der Leyen said in a post on Twitter.

Last year Azerbaijan, the former Soviet republic in the Caucasus, supplied some 8 billion cubic meters of natural gas to Europe via pipelines passing through Georgia and Turkey. Azerbaijani President Ilham Aliev announced last week that an “important document on energy security” would be signed with the European Union.

In May, EU leaders approved a halt to most Russian oil imports by the end of the year, as part of sanctions against Moscow. But they have carefully avoided taking sanctions that could affect their imports of Russian gas, which last year amounted to 155 billion cubic meters, or nearly 40% of their needs.

Brussels is seeking to diversify European supplies to free itself from Russian supplies on which Europe is very dependent. Moscow has already started to turn off the tap and the Europeans fear a total disruption of deliveries in reaction to the sanctions imposed against the invasion of Ukraine. “The EU is turning to more reliable energy suppliers. Today I am in Azerbaijan to sign a new agreement. Our goal: to double gas supplies from Azerbaijan to the EU in a few years. (This countries) will be an essential partner for our security of supply and on the way to climate neutrality,” von der Leyen said in a post on Twitter. Last year Azerbaijan, the former Soviet republic in the Caucasus, supplied some 8 billion cubic meters of natural gas to Europe via pipelines passing through Georgia and Turkey. Azerbaijani President Ilham Aliyev announced last week that an “important document on energy security” would be signed with the European Union. In May, EU leaders approved a halt to the bulk of oil imports Russia by the end of the year, as part of the sanctions against Moscow. But they have carefully avoided taking sanctions that could affect their imports of Russian gas, which last year amounted to 155 billion cubic meters, or nearly 40% of their needs.

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