Slovakia explores long-term natural gas cooperation with Azerbaijan

Slovenský plynárenský priemysel (SPP), the biggest energy supplier in Slovakia, has said that Slovakia is exploring the possibility of long-term cooperation with Azerbaijan on natural gas supplies.

"SPP has signed a short-term pilot contract for the supply of natural gas with the State Oil Company of the Azerbaijan Republic [SOCAR]. The gas was purchased in December, with Austria as the delivery point. Currently, we are evaluating the partnership to determine potential next steps," the company told Report, Caliber.Az informs.

They also noted that, as part of a programme to diversify gas sources in light of the cessation of supplies from Russia via Ukraine, SPP has signed contracts with BP, ExxonMobil, Shell, ENI, and RWE. "These contracts offer flexibility in terms of both volume and duration," SPP emphasised.

SPP is the largest energy supplier in Slovakia, guaranteeing reliable, secure and competitive energy supplies and related services to nearly 1.5 million customers in all regions of Slovakia.

It also operates in the Czech Republic and carries out its trading activities throughout the whole of Europe. SPP is also dedicated to the provision of energy services, energy smart solutions, development of alternative transport and the development of the production and supply of renewable energies (electricity and biomethane). SPP has been operating as a purchaser of electricity generated from renewable energy sources and high-efficiency cogeneration since 2020. SPP has implemented international standards and recommendations in the area of corporate governance, through which it is interested in increasing the transparency of its business activities and contributing to the overall improvement of standards in this area in Slovakia, based in particular on recommendations of the Organisation for Economic Co-operation and Development (OECD).

By Naila Huseynova