BAKU, Azerbaijan, June 15. The energy sector is
an important factor in the development of trade relations between
Azerbaijan and Germany, German Ambassador to Azerbaijan Ralf
Horlemann saidduring a media briefing in Baku, Trend's correspondent reports
from the event.
"An important factor in the development of our trade relations
is the energy sector. As you may know, in addition to importing oil
from Azerbaijan, three German companies have already concluded
contracts for the supply of gas from Azerbaijan with SOCAR. This
has not made Germany a direct consumer of Azerbaijani gas, as there
is no pipeline connection between Azerbaijan and Germany. However,
the gas that the European Union imports from Azerbaijan mainly goes
to Italy and is then traded on the integrated European energy
market," the ambassador said.
According to him, there are numerous swap deals between various
European Union countries and different energy companies. Thus,
Germany indirectly imports or consumes Azerbaijani gas through swap
operations.
"This is very good because it contributes to the stabilization
of the European energy market and also relieves some of the
pressure that the European energy market has been experiencing,
especially since the start of Russia's war against Ukraine, as well
as following the blockade of the Strait of Hormuz," the ambassador
said.
