Socar, the state oil company of Azerbaijan Republic, is to supply natural gas to Securing Energy for Europe (Sefe) under a 10-year deal with deliveries due to start this year.
The annual quantity will gradually increase to 15 terawatt hours (TWh), which is approximately 1.5 billion cubic meters (bcm).
The partnership will support investments in production and infrastructure such as gas compressors, increasing the amount of pipeline gas coming to Europe and ensuring the continent’s security of supply.
Dr Egbert Laege, Sefe CEO, said, “With this partnership, we are establishing a new route for significant gas volumes to reach Europe, thereby diversifying our portfolio and increasing the security of supply of our customers.”
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