Azerbaijan is becoming an important security ally

Azerbaijan is becoming an important security ally

During his two-day visit to Italy, the President of Azerbaijan, Ilham Aliyev, delivered very important messages on energy security.

Thus, in the speech of the head of state of Azerbaijan at the plenary session of the forum in Cernobbio, it was not only about the energy security of Europe, but also about solving existing and expected global problems in the energy sector.

Specifically, last year, approximately 7 billion cubic meters of gas were exported to the Italian market, i.e. most of the export gas sent via the Southern Gas Corridor (SGC).

It is expected that in 2022, the export of Azerbaijani gas to Italy, maintaining the current pace, under long-term and spot contracts, will increase to 10 billion cubic meters. Italy is very determined on the issue of the Trans-Adriatic Gas Pipeline (TAP) expansion, which has been repeatedly stated by the country’s officials.

In this sense, in an interview given to the publication La Repubblica, the Secretary of State of the Ministry of Foreign Affairs and International Cooperation of Italy, Manlio Di Stefano, announced his country’s desire to increase the volume of natural gas imports through TAP to 10 billion of cubic meters per year.

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Currently, Azeri gas coming through TAP provides about 10% of Italy’s gas needs, but the volumes, as President Ilham Aliyev said at the forum, can be doubled.

For his part, Azerbaijani energy expert Ilham Shaban told Trend that the visit of Azerbaijani President Ilham Aliyev to Italy was aimed not only at raising the growing political and economic relations between the two countries to a higher level.

In his opinion, “So, I would say that the official call from Baku for energy cooperation against the background of the energy crisis facing Europe in the current tense international political-military situation, especially against the background of Gazprom’s complete cessation of oil exports gas to Europe via Nord Stream -1, was the highlight of the visit.

In his speech at the 48th edition of the Cernobbio Forum, organized annually by The European House – Ambrosetti think tank, President Ilham Aliyev said that close cooperation and coordination are important to meet the growing energy demand in Europe “, said the expert, according to Trend News.

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Ilham Shaban, the head of state emphasized that, for this purpose, Azerbaijan has already officially launched a dialogue with the European Union on the topic of energy, and it will include not only natural gas, but also other segments of the energy market, especially electricity, hydrogen and green hydrogen.

Thus, “Furthermore, the president of Azerbaijan once again brought to the attention of the European public the need to expand TAP. Another point was President Ilham Aliyev’s statement that Azerbaijan has started practical negotiations on the expansion of the trans-Adriatic gas pipeline.

The President reminded that our share in TAP is only 20 percent. Also, the other shareholders should reach an agreement in order to be able to plan an investment project together. the president of Azerbaijan also sent a message to Western buyers that there are no resource problems associated with the pipeline expansion, as the volume of proven gas reserves in Azerbaijan alone is 2.6 trillion euros.

The head of state noted that as of December 31, 2020, 13.5 billion cubic meters of Azerbaijani gas were exported to Europe, including 11.7 billion cubic meters to Italy. That is, Italy’s share in the export of Azerbaijani gas to Europe is currently about 87%,” said expert Ilham Shaban.

In 2021, Azerbaijan exported 6.8 billion cubic meters of gas to Italy

Ilham Shaban stated that in 2021, Azerbaijan exported 6.8 billion cubic meters of gas to Italy.

Thus, “According to the agreements on the purchase of gas by Italian companies with the Shah Deniz consortium, Azerbaijan’s obligations to this country are to supply 8 billion cubic meters of gas per year. It seems that Italy wanted to buy additional volumes of gas from Azerbaijan due to the energy crisis in Europe, and Azerbaijan responded positively to this request,” he concluded.

So, today, Azerbaijan, under the leadership of President Ilham Aliyev, is opening multilateral perspectives and defining new cooperation priorities that can prevent all threats to the energy security of Europe and the world.