Page 14 - FSUOGM Week 38 2022

FSUOGM NEWS IN BRIEF FSUOGM

UK to provide Kyiv with from Azerbaijan were $8.2bn (an increase that thanks to joint political will, increased
of 4.1 times). The share of gas exports in the
volumes of Azerbaijani natural gas will be
$500mn tranche in reporting period accounted for 36.4% of delivered to Europe at a decisive moment
for energy security in 2027," Shahbazov
total exports from Azerbaijan.
emergency gas funds in According to the committee, the added.
He also drew attention to Azerbaijan's
addition to military aid largest volume of gas exports fell in Italy plans to use renewable energy sources and
in January-July by 5.07 bcm (39.9% of all
hydrogen in the process of diversifying
Prime Minister of the United Kingdom Liz supplies) for $5.85bcm. The State Customs energy supplies to Europe in the long term.
Truss discussed further support for Ukraine Committee maintains statistics on exports In this regard, the minister stressed the
with Prime Minister of Ukraine Denys based on the declaration. The declaration on importance of the Georgian-Romanian
Shmyhal, Ukraine Business News reported the sold gas is provided after the actual sale, Black Sea project of underwater energy
on September 22. and not at the time of its pumping through and digital communication for the transfer
To help Ukraine with its upcoming pipelines. of wind energy from the Caspian Sea to
heating crisis, the UK pledged a $500mn Azerbaijani gas supplies via the TAP Europe and the creation of a green energy
tranche via the World Bank to help the gas pipeline to consumers in Italy, Greece corridor. Shahbazov added that Azerbaijan
government purchase much-needed gas. and Bulgaria began on December 31, 2020. will become a reliable partner in green
Although Ukraine has enough gas in its The total length of the TAP gas pipeline energy, and these new cooperation priorities
storage tanks to survive a moderate winter, is 878km, of which 550km runs through will take the energy partnership with
it only expects to have 14.5bn cubic metres the northern part of Greece, 215km Romania to a new stage.
by mid-October, far from the 19 bcm the through Albania, 105km through the The volume of Azerbaijani gas supplies
government initially ordered from Naftogaz. Adriatic Sea and 8km through Italy. TAP to Greece in 2022 will amount to 1.1 bcm
Moreover, Truss and Shymhal also is the last component of the SGC project of gas, Shahbazov later said. "Meeting
discussed expanding sanctions against infrastructure for the supply of Azerbaijani the Minister of Environment and Energy
Russian oil and gas as well as the need for gas to Europe. of Greece, Kostas Skrekas, we discussed
Ukraine to increase gas production and the expansion of the Southern Gas
diversify its energy supply sources. Corridor and cooperation on the supply
“We are also interested in involving Azerbaijan to increase gas of Azerbaijani gas. This year, our export
British business in developing gas to Greece is projected at 1.1 bcm of gas,"
production in Ukraine. We expect the UK exports to Europe by 40% in Shakhbazov wrote on Twitter. Negotiations
to make the necessary decisions to insure between Shakhbazov and Skrekas were held
British business in Ukraine against military 2022 up to 11.5 bcm in Bucharest on the sidelines of the 5th
risks,” Shmyhal said. Romanian International Gas Conference.
As previously noted, Truss pledged at Azerbaijan will increase gas supplies to Greece currently covers 22.1% of its import
least GBP2.3mn ($2.45bn) in military aid Europe in 2022 by 40% compared to 2021, needs with Azerbaijani gas (19.37% in
for 2023 to continue arming Ukraine. In up to 11.5 bcm, Energy Minister Parviz 2021).
addition, both parties agreed to set up a Shahbazov said during the 5th Romanian Meanwhile, gas supplies from Azerbaijan
working group to prepare for the Ukraine International Gas Conference held under to Bulgaria in 2022 will be 600 mcm and
reconstruction conference to be held in the the motto "Bridge to the Future" on 22 will allow Sofia to meet 19% of its gas needs.
UK next year. September. According to the Ministry of Energy, these
World leaders are currently attending the "In less than two years, more than 16 figures for deliveries were announced at the
UN General Assembly in New York. During bcm of gas from Azerbaijan were supplied meeting of Energy Ministers of Azerbaijan
speeches, the leaders of the USA, France to Europe. Gas supplies from Azerbaijan and Bulgaria Parviz Shahbazov and Rozen
and Germany condemned Russia’s invasion in 2022 to Europe will increase by 40% Khristov. The ministerial meeting was held
as an act of “imperialism”. US President Joe from 8.2 bcm to 11.5 bcm. This indicates in Bucharest – on the sidelines of the 5th
Biden also announced continued support that the Southern Gas Corridor (SGC) is Romanian International Gas Conference.
for Ukraine and mentioned that over 40 UN operating at maximum capacity, as well as Azerbaijan exported 280 million cubic
members have given billions to Ukraine, the continuity and stability of supplies," meters of gas to Bulgaria in 2021. Thus,
with the USA paving the way with more Shahbazov said. He added that the deliveries to Bulgaria in 2022 will double.
than $25bn to date. expansion of the Southern Gas Corridor At the meeting, the ministers stressed
within five years will be "the next step in that the commercial launch of the IGB
ensuring energy security." He said that interconnector from October 2022 will
Azerbaijan doubled gas doubling Azerbaijan's natural gas exports increase the supply of Azerbaijani gas
to 20 bcm would require investments in
to Bulgaria. In addition, the ministers
supplies to Italy in January- pipeline capacity and gas production, as discussed cooperation in the field of
well as contracting and technical measures.
electricity.
July project is of common interest to us. The via the TAP gas pipeline (part of the SGC-IF
The supply of Azerbaijani gas to Europe
"The speedy implementation of this
The export of gas volumes declared at memorandum of understanding on a system) to consumers in Italy, Greece and
the customs from Azerbaijan in January- strategic partnership in the field of energy Bulgaria began on December 31, 2020. The
July was 12.7 bcm, which is 5.3% higher between Azerbaijan and the European gas pipeline is designed to transport 10bcm
than the same period last year, the State Union, signed in July 2022, is a decisive of natural gas per year from the Shah Deniz
Customs Committee said in a report. The step for our joint work and provides the field as part of Stage 2 of its development
proceeds from the export of declared gas necessary political guarantee. We believe to Europe. The throughput capacity of the

P14 www. NEWSBASE .com Week 38 23•September•2022