Key Highlights:
Request for New Agreement: Ukraine and the European Union have reached out to Azerbaijan to establish a new gas supply agreement, essential after the conclusion of the current transit contract with Russia.
Azerbaijan's Response: President Ilham Aliyev of Azerbaijan expressed willingness to assist with the continuation of gas supplies through Ukraine, emphasizing its significance for Austria and Slovakia.
Negotiation Dynamics: Ongoing negotiations involve Ukraine, the EU, and Russia. President Aliyev acknowledged the potential to extend the existing agreement, noting the importance of maintaining gas supplies for Austria and Slovakia to avoid substantial costs associated with sourcing gas from alternative suppliers.
Cautious Approach: Azerbaijan is responding carefully to past accusations of re-exporting Russian gas. President Aliyev mentioned the country's plans to boost gas production through new projects in the Caspian Sea, aiming to mitigate any supply concerns.
Conclusion
The completion of Azerbaijan's gas transit contract with Russia has prompted Ukraine and the EU to seek a new supply agreement. Azerbaijan's readiness to assist and its plans to increase gas production offer a hopeful prospect for continued energy stability in the region.
