Gas prices in Europe beat records, and Azerbaijan plans to increase deliveries

During the bidding on European sites, the cost of natural gas took off above $ 585 per thousand cubic meters, which is a historical record, RIA Novosti reports.

Before that, it became known that Gazprom refused to book additional power for pumping gas through Ukraine in the amount of 15 million cubic meters per day. The last months, the Russian company regularly repurchased them in full.

This result of the auction market participants perceived as the refusal of the Russian company to significantly increase gas supplies to Europe. Because of this, the deficit that develops in the region in front of the autumn-winter period is only aggravated.

Recall that a month ago, President of Azerbairy Ilham Aliyev, during a joint chaired by the European Council, Charl, Michel, stated that the export of Azerbaijani gas to the European market would increase.

The supply of Azerbaijani gas on the transadriatic gas pipeline (TAP) to consumers in Italy, Greece and Bulgaria began on December 31, 2020. TAP gas pipeline is part of the SUGK, which is estimated at $ 38 billion

The annual supply of Azerbaijani gas to Europe is provided at 10 billion cubic meters. In addition, 6 billion cubic meters in the year of Azerbaijani gas is intended for deliveries to the Western regions of Turkey. Deliveries to Turkey began in the summer of 2018.