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    Romania says it will sign new gas supply contract with Azerbaijan

Summary

Romania is set to sign a new one-year contract to receive natural gas from Azerbaijan, Romanian President Klaus Iohannis said on Thursday after meeting with Azeri President Ilham Aliyev.

by: Reuters

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Complimentary, Natural Gas & LNG News, Europe, Security of Supply, Political, News By Country, Azerbaijan, Romania

Romania says it will sign new gas supply contract with Azerbaijan

BAKU, Feb 2 (Reuters) - Romania is set to sign a new one-year contract to receive natural gas from Azerbaijan, Romanian President Klaus Iohannis said on Thursday after meeting with Azeri President Ilham Aliyev.

The contract will be inked on Friday and come into effect on April 1, Iohannis said. A transcript of his public remarks was released on the presidential website.

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"I am pleased that tomorrow the two national companies - Romgaz and Socar - will sign a new contract for the period April 1 2023 to April 1 2024," he said. The remarks made no mention of how much gas would be exported to Romania.

Azerbaijan said in December that it planned to slightly increase its natural gas exports to Europe in 2023, as Brussels seeks to replace falling energy supplies from Russia. (Reporting by Nailia Bagirova; Writing by Caleb Davis; Editing by David Ljunggren)