BAKU, Azerbaijan, January 11. Azerbaijan
exported 11.8 billion cubic meters of fuel to Europe in 2023, stated
the nation’s minister of power Parviz Shahbazov, Pattern experiences.
“Fuel export elevated by 5.3 p.c in January-December. 11.8
bcm of fuel was exported to Europe, 9.5 bcm to Türkiye, and a couple of.5 bcm
to Georgia. Throughout this era, TANAP provided Türkiye with 5.6 bcm
of fuel,” he wrote on X.
Azerbaijan initiated fuel transportation to Europe by the
Southern Fuel Hall on December 31, 2020. This hall
facilitates the transport of fuel from the Caspian Sea area to
European international locations, passing by Georgia and Türkiye. The
undertaking, with a complete price of 33 billion US {dollars}, is anticipated
to recoup its capital prices inside 8–10 years.
In July 2022, Azerbaijan and the European Union reached an
settlement to double the quantity of fuel provides through the Southern Fuel
Hall, from the present 10 billion cubic meters to twenty billion
cubic meters by 2027.
Observe the writer on X: @Lyaman_Zeyn