EU Secures Increased Azerbaijani Gas Supply to Reduce Dependence on Russia

EU Secures Increased Azerbaijani Gas Supply to Reduce Dependence on Russia

OilPrice.com

Published

A shake-up of natural gas supply arrangements is gaining momentum across Eurasia. Russia, which has seen gas exports to Europe plummet since the start of the Russian-Ukraine war, is now intent on expanding supplies to Central Asia. Meanwhile, Azerbaijan is making progress on replacing Russian gas to meet the European Union’s needs. Russia’s unprovoked attack on Ukraine prompted EU states to reduce their dependency on Russian gas. Moscow’s exports to Europe fell from 155 billion cubic meters (bcm) in 2021, the year before the invasion,…

Full Article