FSUOGM: Azerbaijan eyes extra gas market share in Europe

Azerbaijan is prepared to ship gas to new customers to help the continent wean itself off Russian supplies, President Ilham Aliyev said on June 1, noting that negotiations were already underway with potential customers.

Prospects for a growth in Azeri gas supply to Europe hinge on an expansion of the Southern Gas Corridor (SGC), the network of pipelines that carry gas produced in the Azeri Caspian Sea as far as Italy. SGC’s final section, the Trans-Adriatic Pipeline, is currently flowing at close to its 10bn cubic metre per year capacity, with this gas delivered to Italy, Greece and Bulgaria. But BP, Azerbaijan’s SOCAR and other SGC shareholders have proposed expanding the system’s capacity, potentially by a further 10 bcm per year, to provide supply to additional European markets.

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