Azerbaijan and Russia discuss gas transit via Ukraine

Azerbaijan is negotiating with Russia to extend gas transit via Ukraine, which is essential for Austria and Slovakia, according to President Aliyev.
Transit gaz azerbaïdjanais Ukraine

Partagez:

Azerbaijan is currently in talks with Russia to extend gas transit via Ukraine. This initiative is in response to requests from Ukraine and the European Union (EU) to extend the gas transit contract, due to expire at the end of 2024.
This contract is crucial for several European countries, notably Austria and Slovakia.
Aliyev, Azerbaijan’s president, explains that his country could facilitate this extension.
“We have been approached by the Ukrainian authorities and the EU to help extend this contract,” says Aliyev.
Negotiations with Russia are ongoing, and Aliyev believes it is possible to reach an agreement.

Impact on Austria and Slovakia

The absence of Russian gas flows via Ukraine could seriously affect countries such as Austria and Slovakia.
Aliyev points out that these countries would either have to pay much more to obtain gas from other sources, or face a supply deficit.
At present, Russian gas transit via Ukraine represents around 42 million cubic meters per day, or 15 billion cubic meters per year.
In 2023, these deliveries totaled 14.65 billion cubic meters, down 28% on 2022.

Alternative with Azerbaijan

Ukrainian President Volodymyr Zelensky mentions that Kyiv is considering transiting Azerbaijani gas to Europe via Ukraine.
This option is currently under discussion between the Ukrainian and Azerbaijani governments.
The European Commission and the German government are also holding discussions with EU member states potentially affected by a halt to transit via Ukraine.
Slovak Prime Minister Robert Fico is expressing interest in importing Azerbaijani gas via Ukraine, with the support of Ukrainian Prime Minister Denys Shmyhal.

Accusations of gas resale

Aliyev addresses accusations that Azerbaijan is reselling Russian gas to Europe, calling the allegations “fake news”.
He defends the decision to purchase 1 billion cubic meters of Russian gas, insisting that this was a purely commercial decision, motivated by affordable prices.
In addition, Azerbaijan has stopped gas imports as part of an exchange agreement with Turkmenistan and Iran.
“We don’t need anyone else’s gas,” says Aliyev, adding that the transport of Turkmen gas via Iran to Azerbaijan has also been halted.

Energy relations with Europe

Energy relations between Azerbaijan and Europe continue to develop.
In 2024, Azerbaijan plans to supply 13 billion cubic meters of gas to Europe, up from 11.8 billion in 2023.
Aliyev underlines the goal of doubling gas supplies to Europe by 2027, in line with the declaration of strategic partnership signed with the European Commission in July 2022.
Negotiations between Azerbaijan and Russia on gas transit via Ukraine are essential for the energy stability of several European countries.
This initiative reflects Azerbaijan’s strategic position in regional and European energy geopolitics.

The increase in oil drilling, deepwater exploration, and chemical advances are expected to raise the global drilling fluids market to $10.7bn by 2032, according to Meticulous Research.
Enbridge Gas Ohio is assessing its legal options following the Ohio regulator's decision to cut its revenues, citing potential threats to investment and future customer costs.
The small-scale liquefied natural gas market is forecast to grow at an annual rate of 7.5%, reaching an estimated total value of $31.78bn by 2030, driven particularly by maritime and heavy-duty road transport sectors.
The European Union extends gas storage regulations by two years, requiring member states to maintain a minimum fill rate of 90% to ensure energy security and economic stability amid market uncertainties.
Energy Transfer strengthens its partnership with Chevron by increasing their liquefied natural gas supply agreement by 50% from the upcoming Lake Charles LNG export terminal, strategically aiming for long-term supply security.
Woodside finalises the divestment of a 40% stake in the Louisiana LNG project to Stonepeak, injecting $5.7 billion to accelerate developments and optimise financial returns ahead of first gas delivery scheduled in 2026.
Keranic Industrial Gas seals a sixty-day exclusivity deal to buy Royal Helium’s key assets, raise CAD9.5mn ($7.0mn) and bring Alberta’s Steveville plant back online in under fifteen weeks.
The Irish-Portuguese company Fusion Fuel strengthens its footprint in the United Arab Emirates as subsidiary Al Shola Gas adds AED4.4 mn ($1.2 mn) in new engineering contracts, consolidating an already robust 2025 order book.
Cheniere Energy validates major investment to expand Corpus Christi terminal, adding two liquefaction units to increase its liquefied natural gas export capacity by 2029, responding to recent international agreements.
A study by the International Energy Agency reveals that global emissions from liquefied natural gas could be significantly reduced using current technologies.
Europe is injecting natural gas into underground storage facilities at a three-year high, even as reserves remain below historical averages, prompting maximized imports of liquefied natural gas (LNG).
South Korea abandons plans to lower electricity rates this summer, fearing disruptions in liquefied natural gas supply due to escalating geopolitical tensions in the Middle East, despite recent declines in fuel import costs.
Russia positions itself to supply liquefied natural gas to Mexico and considers expanded technological sharing in the energy sector, according to Russian Energy Minister Sergey Tsivilyov.
Israel has partially resumed its natural gas exports to Egypt and Jordan following a week-long halt due to the closure of two major offshore gas fields, Leviathan and Karish.
Nepal reveals a significant potential reserve of methane in the west of the country, following exploratory drilling conducted with technical support from China, opening new economic prospects.
Petronas formalizes a memorandum with JOGMEC to secure Japanese LNG deliveries, including a first cargo from LNG Canada scheduled for July at Toho Gas.
Belgrade is currently finalising a new gas contract with Russia, promising Europe's lowest tariff, according to Srbijagas General Director Dusan Bajatovic, despite Europe's aim to eliminate Russian imports by 2027.
TotalEnergies and QatarEnergy have won the Ahara exploration licence, marking a new stage in their partnership with SONATRACH on a vast area located between Berkine and Illizi.
After four years of interruption due to regional insecurity, TotalEnergies announces the upcoming resumption of its liquefied natural gas project in Mozambique, representing a $20bn investment.
The French group has acquired from PETRONAS stakes in several licences covering more than 100,000 km² off Malaysia and Indonesia, consolidating its Asian presence and its exposure to the liquefied natural gas market.