General – Gas Delivery
According to Reuters Germany’s SEFE has agreed a 10-year deal to receive natural gas from Azerbaijan’s SOCAR starting this year, with volumes gradually rising to 1.5 billion cubic meters annually.
State-owned SEFE is seeking long-term supply deals after losing most of its Russian pipeline gas in 2022 following Russia’s invasion of Ukraine.
“We are establishing a new route for significant gas volumes to reach Europe, thereby diversifying our portfolio and increasing the security of supply of our customers,” SEFE Chief Executive Egbert Laege said in a statement.
SEFE, the former division of Russia’s Gazprom nationalized by Germany during Europe’s energy crisis, supplies some 200 TWh of gas a year to industry and onward distributors mainly in Germany, Britain and other European markets.
