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Slovenian and Azerbaijani company with gas supply agreement

by AI | 17.Jul 2024 | Europe in brief AI

Slovenian energy company Geoplin and Azerbaijan’s energy giant Socar have signed a memorandum of cooperation regarding the supply of natural gas.

Slovenian Minister for Environment, Climate and Energy Bojan Kumer. Photo: STA

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Baku – The Slovenian company Geoplin and the Azerbaijani state energy giant Socar signed a cooperation memorandum on the supply of natural gas during Slovenian Energy Minister Bojan Kumer‘s visit to Baku. As Kumer stated, Azerbaijan has become an important strategic energy partner for the EU.

The memorandum of cooperation with Socar, according to Slovenia’s largest gas trader, paves the way for further cooperation between the two countries in the supply of the mentioned energy source, thereby ensuring reliable energy supply for Slovenia.

Meanwhile, Kumer emphasized that the visit to Azerbaijan is of essential importance for strengthening the strategic partnership and ensuring a reliable supply of natural gas to Slovenia. The memorandum of cooperation regarding the supply of natural gas from Azerbaijan to Slovenia represents a key step towards deepening cooperation in this area, he added.

According to the minister, Azerbaijan has become an important strategic energy partner of the European Union.

The role of this country on the Caspian Sea among the largest gas suppliers to the EU has been strengthening in recent years, especially in light of the energy crisis related to Russia’s aggression in Ukraine. The EU is striving to eliminate dependence on Russian fossil fuels. (July 17)

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