EU Agrees to Double Azeri Gas Imports in Shift From Russia
- Europe seeks to phase out Russian fossil fuels by 2027
- Bloc eyes imports of green hydrogen from Azerbaijan in future
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The European Union reached a deal to double natural gas imports from Azerbaijan in a bid to help replace Russian fossil fuels amid a worsening energy crisis following President Vladimir Putin’s invasion of Ukraine.
To boost the shipments, the capacity of the Southern Gas Corridor -- a network of pipelines connecting the Caspian Sea with Europe -- will be increased to at least 20 billion cubic meters annually by 2027. Azerbaijan is already now bolstering deliveries to the EU, from 8.1 billion cubic metres in 2021 to an expected 12 billion cubic meters in 2022, according to the European Commission.