BAKU, Azerbaijan, January 13. Trans Adriatic
Pipeline (TAP) has supplied Europe with 54.3 billion cubic meters
of gas and Italy with 45.4 billion cubic meters so far,
Azerbaijan's Minister of Energy Parviz Shahbazov said at the 6th
meeting of the Azerbaijan-Italy Joint Intergovernmental Commission
on Economic Cooperation in Baku today, Trend reports.
According to him, last year, Italy was supplied with 10.34
million tons of oil and a total of 9.5 billion cubic meters of gas
through the State Oil Company of Azerbaijan (SOCAR) alone.
Additionally, the Italian company CESI SpA serves as a
consulting partner for Azerbaijan in preparing feasibility studies
for the Caspian-Black Sea-Europe and Central Asia-Azerbaijan green
energy corridor projects. The Caspian-Black Sea-Europe Green Energy
Corridor, which is set to be commissioned in stages beginning in
2032, will enable Italy to benefit from electricity transmitted to
the European market.
Azerbaijan’s gas supplies to Europe commenced on December 31,
2020, via the Trans Adriatic Pipeline (TAP), the European segment
of the Southern Gas Corridor. Initially capable of transporting 10
billion cubic meters per year, TAP’s capacity is expandable to 20
billion cubic meters annually. In July 2022, Azerbaijan and the
European Commission reached an agreement to double gas supplies to
Europe by 2027, with TAP’s first phase of expansion triggered after
the completion of the binding phase of the market test.
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