SOCAR signs 10-year gas supply deal with Germany’s SEFE

Azerbaijan’s state oil company SOCAR has signed a 10-year natural gas purchase agreement with Germany’s state-owned energy firm SEFE (Securing Energy for Europe).

Under the agreement, SOCAR will gradually increase annual gas deliveries to SEFE, reaching up to 15 terawatt-hours (TWh) per year, which is equivalent to approximately 1.5 billion cubic meters (bcm) of natural gas, Caliber.Az reports per SOCAR’s official statement. 

The gas will be supplied to SEFE in Europe as part of ongoing efforts to bolster the continent’s energy security and diversify supply sources.

The deal also includes commitments to invest in production and infrastructure, such as gas compressors, to enable the transport of additional pipeline gas to European markets.

SEFE CEO Dr. Egbert Laege hailed the agreement as a reflection of the growing strategic partnership between Germany and Azerbaijan. 

“This long-term contract is a testament to the strong relationship between Germany and Azerbaijan. With this partnership, we are establishing a new route for significant gas volumes to reach Europe, thereby diversifying our portfolio and increasing the security of supply of our customers,” he said.

SOCAR President Rovshan Najaf emphasised the company’s long-term commitment to Europe’s energy needs. 

“By supplying reliable and substantial natural gas volumes to SEFE, we are strengthening the partnership between Azerbaijan and Germany, contributing positively to Europe's energy diversification goals and sustainable growth,” he stated.

He noted that SOCAR remains dedicated to investing in infrastructure and production capacities, ensuring secure and uninterrupted energy supplies for its partners.

By Sabina Mammadli