Borrel: Pipeline gas purchase from Azerbaijan up
ECONOMICS 02 August 2022 - 09:17
Europe will have to go through a difficult winter with a slowdown in economic growth, and the EU's ability to purchase gas from non-Russian sources is approaching the limit.
"Europe is facing a real storm: energy prices are rising, economic growth is slowing, winter is approaching," Interfax-Azerbaijan quotes Borrel as saying on his blog on August 1.
According to Borrel, the EU has to some extent managed to cope with the overall reduction in the share of Russian gas imports from 40 per cent at the beginning of the year to about 20 per cent today. This was achieved mainly due to an increase in LNG purchases, the share of use of which doubled from 19 per cent to 37 per cent.
Purchases of pipeline gas from Azerbaijan, Norway and Algeria have also increased.
"But the harsh truth is that this winter we are approaching the limit of how much additional gas we can buy from non-Russian sources. Thus, the main part will have to come from energy savings, i.e. demand reduction," he stressed.
The head of the EU Foreign Policy Department regrets that after 2014 Europe did not create a "real EU energy union" built on the diversification of supplies and reducing the share of Russia in them, by investing in energy efficiency and renewable sources.
"The stakes are even higher this time: we cannot afford to repeat the same mistake," he said.
Caliber.Az
1
|
Critical F-35 upgrade deferred, 2024 production slashed by 27-50%
01 May 2024 - 09:05
|
2
|
Factory burst into flames in Germany PHOTO / VIDEO
03 May 2024 - 16:19
|
3
|
EU aid to Armenia stalled as Hungary pushes for Azerbaijan's inclusion Geopolitical tensions revealed
02 May 2024 - 17:41
|
4
|
BRICS de-dollarization threatens US economy, JP Morgan CEO predicts
01 May 2024 - 20:49
|
5
|
Turning point for Georgia - Foreign Agents Law Georgian experts’ views for Caliber.Az
02 May 2024 - 12:40
|
China, America trade blame for world on fire
04 May 2024 - 05:04
Japan faces a tough tug-of-war with yen bears
04 May 2024 - 03:05
Orangutan seen using medicinal plant to treat wound in first for wild animals
04 May 2024 - 01:03
Bosnia accuses Israeli diplomat of genocide denial
"Disgrace to diplomacy"03 May 2024 - 23:01
Traffic accident leaves one dead in Azerbaijan’s Kalbajar
03 May 2024 - 21:07
Azertac hosts 31st meeting of CIS state news agencies, focuses on cooperation & future initiatives
03 May 2024 - 20:55
Azerbaijan, Russia hold negotiations on development of transport cooperation
03 May 2024 - 20:51
Japan, US, Australia, Philippines agree on rules-based Indo-Pacific
03 May 2024 - 20:36
Azerbaijan’s Aghdam holds special session within sixth World Forum on Intercultural Dialogue
03 May 2024 - 20:21
Armenian top prosecutor seeks investigation of premier over border delimitation
03 May 2024 - 20:15
Pro-Armenian Senator Menendez pretends to be crazy
He fears of not having enough money03 May 2024 - 20:06
SOCAR to join UN Oil & Gas Methane Partnership 2.0 program, says department head
03 May 2024 - 19:58
Azerbaijani, Russian deputy PMs discuss trade, economic issues
03 May 2024 - 19:51
Azerbaijan seeks cinema sector collaboration with Italy, says culture minister
03 May 2024 - 19:45
Italy to send latest package of military aid to Ukraine before G7 summit in June
03 May 2024 - 19:36
Russian leader plans to meet Xi in China days after his new term starts
03 May 2024 - 19:21
The Guardian: Preparation for COP29 underway
03 May 2024 - 19:06
UK’s Defence Ministry: Ukraine demonstrates ability to strike much further into Russia
03 May 2024 - 18:51
Azerbaijani minister, EC chief mull EU partnership in COP29 framework
03 May 2024 - 18:45
Azerbaijan, Saudi Arabia strengthening energy partnership
PHOTO03 May 2024 - 18:36
European Commission's rep: COP29 in Azerbaijan - recognition of activity in renewable energy sources
03 May 2024 - 18:21
Turkish airstrikes eliminate 32 PKK terrorists in Iraq
03 May 2024 - 18:06
Yemeni Ansar Allah movement’s leader announces preparation for new round of escalation
03 May 2024 - 17:41
MFA: Media in Azerbaijan as free as in UK
03 May 2024 - 17:26
Profiling Archbishop Bagrat Galstanyan – Tavush region protest leader
03 May 2024 - 17:20
Will Azerbaijan's diplomatic efforts bring change?
UNESCO's crucial crossroad03 May 2024 - 17:13
Kazakhstan steps in bridging Armenia-Azerbaijan divide
03 May 2024 - 17:11
Future of engine transition - hydrogen or electricity?
Caliber.Az on YouTube03 May 2024 - 17:05
Transit traffic through Azerbaijan increases 3 times
03 May 2024 - 16:56
US-Japan missile development project to cost over $3 billion
03 May 2024 - 16:37
Factory burst into flames in Germany
PHOTO / VIDEO03 May 2024 - 16:19
Senators meet with International Criminal Court’s reps over concerns about possible Israel arrest warrants
03 May 2024 - 16:04
Tensions escalate over Georgia’s law on foreign agents
Political crisis deepens03 May 2024 - 16:00
Taliban plan regional energy trade hub with Russian oil in mind
03 May 2024 - 15:49
bp investments in Azerbaijan reach $85 billion
03 May 2024 - 15:34
EU ambassador: Mine clearance - one of priorities for Azerbaijan
03 May 2024 - 15:19
G7 draws up plans to backstop debt-raising for Ukraine with Russian assets
03 May 2024 - 15:04
Climate Change Director: ADB holding talks with Azerbaijan to support COP29
03 May 2024 - 14:49
bp opens ICT laboratory in Azerbaijan
03 May 2024 - 14:34
France, Japan to start talks on reciprocal troops pact
03 May 2024 - 14:34