EU signs new gas deal with Azerbaijan amid fears over Russian supplies cutoff
EU signs new gas deal with Azerbaijan amid fears over Russian supplies cutoff
The ongoing crisis Ukraine has resulted in the United States and the European Union (EU) imposing hard sanctions on Russia. One of the sectors that the western countries targeted was the gas exports but considering Europe’s dependency on Russia, a total boycott has been difficult to pull off. However, with rising fears of Russia cutting down on the gas supplies, the EU has now found a new source. On Monday, they signed a new gas deal with Azerbaijan who have committed to deliver 20 billion cubic meters by the year 2027, according to the statement released by the two parties.
Azerbaijan is slowly becoming a major supplier of gas in the region since they started exporting to Europe in 2020. They had prior agreements with Bulgaria, Italy and Greece.
With the new agreement with EU, they are expected to increase their supply from 8.1 billion cubic meters in 2021 to 12 billion cubic meters in 2022.
The deal was finalised in the presence of Europe’s energy chief, Kadri Simson, and European Commission President Ursula von der Leyen who travelled to Azerbaijan for the official signing.
&im=FitAndFill=(700,400))
Why Russian tanks are much lighter compared to US tanks
)
What’s happening in Nepal? How did a local clash turn into communal violence? WION Decodes
)
Tamil Nadu leader Udhayanidhi Stalin draws severe backlash over derogatory remark against Trisha
&im=FitAndFill=(700,400))
Why Russian fighter pilots wear blue flight suits compared to US pilots
)
Bombay High Court canteens inspected after judges question Maharashtra FDA's 'selective' crackdown
&im=FitAndFill=(700,400))
Meet top 5 bowlers in latest ICC T20I rankings 2026 - check who sits at the top
)
The Royals enter the Doctor Who universe: King Charles and Queen Camilla beam into Commonwealth Games in TARDIS
)
Multiple WhatsApp accounts, including in India, are under review for 24 hours. Here’s why
)
Who is Devendra Nath Mahto, Jharkhand’s 'Sonam Wangchuk' fasting for protesting students?
)
Wipro's margins fall to 15-quarter low as AI investment eats into profit
&im=FitAndFill=(700,400))
Meet top 5 bowlers in latest ICC ODI rankings 2026 - check who sits at the top
&im=FitAndFill=(700,400))
7 longest flights in the world - Singapore, Qantas, Qatar and others
)
'He is courageous leader': DK Shivakumar after TN CM Vijay postpone his Cauvery-related Karnataka visit
)
Influencer killed on livestream: Mexican cartel boss' son asked dad to kill woman who broke up with him
)
22 children dead, 35 infected: India's Gujarat faces Chandipura virus outbreak — Experts explain symptoms
)
'I was almost trafficked in Paris,' says Australian woman, shares terrifying ordeal - 'I am on the black market'
&im=FitAndFill=(700,400))
'Fifth-generation fighters': Can the S-400 shoot down an F-35?
)
Why did India turn down the US offer for F-35 fighter jets? EXPLAINED
)
PM Modi expected to visit Kyrgyzstan and Uzbekistan as India firms up Central Asia ties
&im=FitAndFill=(700,400))
How often does an S-400 need maintenance?
&im=FitAndFill=(700,400))
New OTT releases this week (August 3-9, 2026): Main Vaapas Aaunga, Uyir, Operation Safed Sagar- 6 titles coming on Netflix, Prime Video and more
&im=FitAndFill=(700,400))
Meet top 5 batters in latest ICC Test rankings 2026 - check who sits at the top
)
DMK leader Udhayanidhi Stalin detained over 'double-meaning' Trisha remark in Vijay's Tamil Nadu
)
Scientists find descendants of ancient sea creatures trapped under Antarctica's Blood Falls
)
WI vs PAK, 2nd Test: Shafique and skipper Babar lead fightback with unbroken 168-run stand on Day 2
)
'Crass, cheap and deeply derogatory:' Internet slams Udhayanidhi Stalin over his 'double-meaning' remark on Trisha
)
Trump says Iranian school bombing photos could be AI-generated - 'I don’t think...'
&im=FitAndFill=(700,400))
Can an S-400 detect a bird?
&im=FitAndFill=(700,400))
Why are iPhones so expensive compared to Android phones?
&im=FitAndFill=(700,400))
Meet top 5 bowlers in latest ICC Test rankings 2026 - check who sits at the top
)
India avoids higher US tariff, secures lower 10% rate. Here's how
&im=FitAndFill=(700,400))
Why Russian jets use heavier steel compared to US jets
)
Trump, Putin kissing in Amsterdam? Pride parade’s ‘couple’ goes viral | WATCH
)
Pakistan minister admits ‘system has collapsed’, Munir pushes for more provinces | Gravitas
“Amid Russia’s continued weaponization of its energy supplies, diversification of our energy imports is a top priority for the EU,” the European Commission said in a statement earlier on Friday.
Although there were some doubts regarding Russia’s use of gas supplies as a threat, a letter from Russian energy company Gazprom said that they were unable to “fulfil their commitments” due to “extraordinary” circumstances., Reuters reported.
WATCH WION LIVE HERE -