The European Union is seeking more natural gas from Azerbaijan, an EU official said, as Europe grapples with high energy bills and tight deliveries from Russia, which has been at loggerheads with the West over Ukraine.
The Southern Gas Corridor will start pumping gas from the Caspian Sea to Europe by 2020, its backers said yesterday (23 February), despite the risk of delays to this option for reducing dependence on Russia.
The Trans Adriatic Pipeline (TAP), which will carry Azeri gas to European markets, and is seen as Europe's alternative to its reliance on Russia, is open to new shareholders, including Iran, a spokeswoman for the project said yesterday (8 April).
Hosting the President of Azerbaijan on an official visit to Bulgaria, Prime Minister Boyko Borissov said his country wants to revive the Nabucco pipeline project. President Ilham Aliyev said that what really matters is to bring more Azeri gas to Europe, and that the name of the future pipeline is not important.
The Trans Adriatic Pipeline AG (TAP) and the Interconnector Greece-Bulgaria (ICGB) have signed an agreement laying the foundations for linking the two projects and thus bringing gas from Azerbaijan to Bulgaria, a country that depends on Russia for almost 100% of its gas imports.
Backers of Azerbaijan's Shah Deniz II gas project signed today (17 December) a final investment decision, with a view to pumping natural gas to Europe from 2019. Commission President José Manuel Barroso hailed the Shah Deniz decision as “a strategic door opener” for stronger EU energy security