Germany's state-owned energy company, Securing Energy for Europe (SEFE), has entered into a 10-year natural gas purchase agreement with Azerbaijan's State Oil Company (SOCAR), commencing in 2025. The deal aims to enhance Europe's energy security by establishing a new supply route for significant gas volumes.

Under the terms of the agreement, SOCAR will deliver natural gas to SEFE, with annual quantities gradually reaching 15 terawatt hours (TWh), approximately 1.5 billion cubic meters (bcm). The contract underscores the strong bilateral relationship between Germany and Azerbaijan, focusing on long-term energy cooperation.

The partnership will support investments in production and infrastructure, including the development of gas compressors, to increase the volume of pipeline gas transported to Europe. These enhancements are expected to bolster the reliability and capacity of the gas supply chain.

Statements from Leadership

Dr. Egbert Laege, CEO of SEFE, emphasized that the long-term contract reflects the robust relationship between Germany and Azerbaijan. He noted that the agreement would facilitate investments in infrastructure to boost the amount of pipeline gas coming to Europe.

Rovshan Najaf, President of SOCAR, highlighted the company's commitment to investing in infrastructure and production capacities to ensure secure and uninterrupted energy supplies for its partners.

Strategic Importance

This agreement is part of SEFE's broader strategy to diversify its energy sources and enhance Europe's energy security. The deal complements previous agreements with other international partners, reinforcing Germany's efforts to secure stable and diverse energy supplies.

The 10-year gas purchase agreement between SEFE and SOCAR represents a significant step in strengthening Europe's energy security. By establishing a new supply route and investing in infrastructure, the partnership aims to provide a reliable and sustainable energy source for the continent.

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