Reuters: EU, Azerbaijan plan gas deal in pivot away from RussiaJuly 15, 2022 - 16:06 AMT PanARMENIAN.Net - The European Commission has proposed to EU countries a deal with Azerbaijan to increase imports of natural gas and support the expansion of a pipeline to do this, according to a draft document seen by Reuters. The draft memorandum of understanding, which needs approval from the governments involved and could still change, is part of European Union efforts to slash reliance on Russian gas following the war in Ukraine. "The Sides aspire to support bilateral trade of natural gas, including through exports to the European Union, via the Southern Gas Corridor, of at least 20 billion cubic metres of gas annually by 2027, in accordance with commercial viability and market demand," said the document, dated July 11. The Commission declined to comment. EU energy commissioner Kadri Simson is scheduled to visit Azerbaijan later this month. The Trans-Adriatic pipeline, the final leg of the Southern Gas Corridor pipeline network, last year brought more than 8 bcm of Azeri gas into European countries such as Italy. The draft says both sides will encourage financing the expansion of that network to increase deliveries to Europe, adding that such investments should be able to carry low-carbon gases in future to avoid locking in years of planet-warming emissions. An uptick in deliveries would also require Azerbaijan to expand its domestic gas production. The draft highlighted the importance of "long-term, predictable and stable contracts" to provide security to gas producers. But it also said future gas contracts would need to align with the EU's climate change targets, which according to Brussels will require gas use to plummet, particularly after 2030. Both sides should increase action to curb emissions of methane, a potent greenhouse gas, in their supply chains, including through incentives to collect gas that would otherwise leach into the atmosphere, it said. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |