The tenth Southern Gasoline Hall and second Inexperienced Vitality Advisory Council Ministerial Conferences occurred in Baku in Azerbaijan
Plans to broaden the Southern Gasoline Hall and supply extra fuel for Europe have been mentioned in Azerbaijan.
23 international locations within the Southern Gasoline Hall council met in Baku to debate the capability of fuel provide enlargement, seen as a vital route of fuel provide diversification for the EU and its neighbouring international locations.
Excessive on the agenda was the exploration of joint targets to make sure long-term vitality safety, diversification of provide, and a transition to inexperienced and renewable vitality.
“We do it not as a result of we lack conventional sources, however as a result of we wish to contribute, utilizing the financing, utilizing the revenues which we get from oil and fuel gross sales to spend money on renewables and to create a standard understanding concerning the want for that,” mentioned Azeri President Ilham Aliyev.
The strategic vitality partnership between Azerbaijan and the EU was additionally mentioned, together with the achievements and subsequent steps within the operation and growth of the Southern Gasoline Hall.
Final 12 months, Azerbaijan elevated its fuel exports by 9 per cent as much as 22 billion cubic metres. Its essential consumers are at present Italy, Greece, Romania, Hungary and Bulgaria.
“There are a lot of, new, associate international locations who’re prepared to obtain extra volumes of pure fuel, regardless that we’re transitioning away from fossil fuels,” mentioned Kadri Simson, European Commissioner for Vitality.
“However, this takes some a long time. Now we wish to set up additionally the futureproof cooperation,” she added.
Collaboration throughout the trade is seen by many as key to its additional growth for the foreseeable future.
