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RomGaz, Romania’s natural gas provider, has signed an agreement with Socar, Azerbaijan’s National Oil Company, for the latter to provide natural gas to the country amidst a growing energy crisis that has left Romanians facing ever-increasing energy bills. The two companies signed the agreement on Friday, December 17, whereby Socar will provide natural gas to Romania.
The contract will begin on 1 January 2023, with Azerbaijan providing gas through the Southern Gas Corridor, using the Trans Adriatic Pipeline (TAP), which connects with the Trans Anatolian Pipeline (TANP) at the Greek-Turkish border, transporting natural gas to Europe from the Shah Deniz II field in Azerbaijan, as well as the new Gas Interconnector Greece-Bulgaria (IGB), a 182km-long trans-border natural gas pipeline to transport gas from Greece to Bulgaria, along with the national transport systems of Bulgaria and Romania. The contract is for an indefinite period.
The new agreement resulted from negotiations earlier this year that led to a memorandum of understanding in June. The contract is intended to help Romania cover its needs for imported natural gas, in accordance with the national strategic objectives of securing an adequate supply of natural gas while diversifying sources. A joint press release by RomGaz and Socar states, “the parties intend to continue their collaboration and perfect the mechanisms to deliver natural gas to the Romanian market..."
To read more visit Tsarizm.
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