BAKU, Azerbaijan, October 9. Azerbaijan with
its balanced and average coverage has all possibilities to extend its
share within the European gasoline market considerably, Daniel Pommier
Vincelli, a researcher from Italia’s Sapienza College, informed
Development.
“Because the battle in Ukraine has led to a no-return level within the
Russia-Western relationship, leading to a considerable lower in
Russia’s power provides to Europe, on this regard, Azerbaijani gasoline
turns into increasingly necessary to us. Completely, with correct
investments, Azerbaijan has an excellent likelihood to double its gasoline
exports to Europe in 3-4 years. Though, there’s a want for
huge investments from the Europeans too,” the professional stated.
Concerning the lately launched Interconnector Greece-Bulgaria
(IGB), Vincelli identified that this venture is a major
contribution to the strengthening of the Southern Gasoline Hall
(SGC), and the EU’s plans to distinguish its power sources.
“IGB, being part of the Trans-Adriatic Pipeline (TAP), additionally
provides to securing power provides to my nation, Italy, which is
truly deeply concerned within the implementation of IGB via the
state-owned Edison firm,” he added.
Concerning Azerbaijan’s electrical energy, and, particularly, inexperienced
electrical energy, export potential, the professional famous that Azerbaijan,
being a coastal and delicate temperature nation, has an excellent likelihood to
turn out to be a internet exporter of renewable power to Europe within the
future.
“Renewable power is a strategic activity of the EU. Now the
query is now not, whether or not to decide on between renewable and
fossil gas energies, however how and when to succeed in a prevalence of the
former over the latter. It’s a good distance. The talk continues to be open
and nuclear power continues to be a part of it,” he added.
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Observe the writer on Twitter: @mariiiakhm
