Latest News

Europe gas deal with Azerbaijan not in sight, Slovakia's SPP states

European companies are not nearing an offer to change Russian gas imports via Ukraine with supply from Azerbaijan, Slovak stateowned gas purchaser SPP stated on Friday, dismissing a media report that stated a deal was close.

The existing five-year offer between Moscow and Kyiv on Russian gas exports via Ukraine to Europe ends at the end of the year, forcing the European Union to look for option sources of gas, including from Azerbaijan, while participating in speak with keep the path open.

Russia has said it is willing to continue supplies through Ukraine despite the war with its neighbour, while Kyiv has refused to take part in discussions with Moscow on gas exports.

Bloomberg reported on Thursday that companies from Hungary and Slovakia were close to signing an agreement for as much as 12-14 billion cubic metres of gas a year from Azerbaijan, citing people with understanding of the matter.

We routinely discuss the subject with our partners, however the info about the upcoming conclusion of a gas supply agreement with the involvement of SPP is not real, SPP told Reuters in a declaration.

SPP has actually been a leading voice in trying to keep the transit open in spite of Russia's war with Ukraine, as alternative routes are more costly and it faces possible bottlenecks in other pipelines.

Ukraine state energy firm Naftogaz did not react to a. ask for remark, while an energy market source in Ukraine. dismissed the report.

Kremlin spokesperson Dmitry Peskov was likewise sceptical about a. deal, when asked on a teleconference with reporters on Friday.

How events will continue to unfold, how products will. continue to be guaranteed, taking into account the truth that. Ukraine has actually already revealed its refusal to extend this. agreement, now I can't state anything, he said.

Russian pipeline gas export monopoly Gazprom. decreased to comment

An overall of 14 billion cubic metres of Russian gas is. expected to have been exported through Ukraine this year, a. portion from pre-war levels.

2 sources at Azerbaijan's energy company SOCAR also. downplayed the report, while the company did not right away. reply to a request for remark.

(source: Reuters)