Not so fast: Europe turns to Azerbaijan in hope of replacing Russian volumes

摘要

On 18 July, European Commission president Ursula von der Leyen and Azerbaijan’s president Ilham Aliyev met in Baku to sign a Memorandum of Understanding (MoU) that centres on doubling Azeri exports of gas to the EU by “at least” 20 Bcm/year by 2027. The MoU foresees the delivery of these additional volumes through the Southern Gas Corridor (SGC) and forms part of the EU’s plan for reducing its heavy dependence on Russia for pipeline gas.