SOCAR and Romgaz S.A. sign agreement on gas supply from Azerbaijan to Romania

An agreement on gas supply from Azerbaijan to Romania was signed between SOCAR and Romgaz S.A., Report informs citing SOCAR.

The agreement envisages the planned transportation of natural gas from the Greece-Komotini exit point of the Trans-Adriatic Pipeline (TAP), the European branch of the Southern Gas Corridor, through the Greece-Bulgaria Gas Interconnector (IGB) from January 1, 2023.

The contract, which ensures the delivery of Azerbaijani gas to a new buyer in Europe, serves Azerbaijan's strategic goals on diversification of gas supply within the framework of new bilateral partnerships with various European countries.

The mentioned contract was signed in Baku on July 18, 2022 within the framework of the Memorandum of Understanding between Azerbaijan and the European Union on Strategic Partnership in the field of energy. One of the main goals of the memorandum is to increase the supply of natural gas to the European Union and contribute to energy security.