Trending
EU and Azerbaijan seal strategic partnership agreement on energy security
19 July 2022
After years of uncertainty in EU-Azerbaijan relations, co-operation between the two sides has finally been put on a strategic footing with the signing in Baku on Monday (19 July) of a new "Memorandum of Understanding on a Strategic Partnership in the Field of Energy". The signing of the MOU comes at a crucial time when Europe is frantically trying to replace gas and other energy supplies from Russia, in the aftermath of the latter's invasion of Ukraine. A report on the website of the European Commission said that the memorandum signed by the two Presidents today includes a commitment to double the capacity of the Southern Gas Corridor to deliver at least 20 billion cubic metres to the EU annually by 2027. This will contribute to the diversification objectives in the REPowerEU Plan and help Europe to end its dependency on Russian gas. Based on the strengthened energy cooperation, Azerbaijan is already now increasing deliveries of natural gas to the EU, from 8.1 billion cubic metres in 2021 to an expected 12 bcm in 2022. commonspace.eu political editor said in a comment that "EU-Azerbaijan relations need to continue to be build, based on mutual respect and recognising the importance of people to people contacts for the future of the relationship. The EU on its part, especially now that the stakes are higher, needs to put more efforts in supporting lasting peace in the region. The energy agenda has its specific importance and aspects, but it cannot be seen in isolation of wider issues."