Trend: Azerbaijani Gas - Only Real Alternative for Europe in Coming Years

Azerbaijani gas will be the only real alternative to Russian gas supplies for Europe in the coming years, Principal Analyst at the Petroleum Sector Risk Group, IHS Energy Andrew Neff told Trend.

Neff said that Europe extremely requires new gas sources both for political/diversification reasons (alternative to Russian gas) and commercial/economic reasons (Europe’s declining production).

It means that even if the demand growth is relatively flat in Europe, the need for imports will increase, he said.

“Increased Azerbaijani gas from Shah Deniz-2 (and other fields in the future, like Absheron and Umid) will be key sources of new gas imports for Europe,” he said.

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