2024-06-14 20:04:10
Italy elevated imports of pure fuel from Azerbaijan by 2.6 % yr on yr, the statistical workplace of the European Union, Eurostat, advised Day.Az.
In March 2024, Italy imported 485.1 million cubic meters of fuel from Azerbaijan, in comparison with 473 million cubic meters in March 2023.
Though the quantity of imports has elevated, their worth has decreased markedly. In March 2023, the worth of imports was 486 million euros, whereas in March 2024 it fell to 254.2 million euros, a lower of virtually 47.7 %.
In 2023, Italy imported a complete of 9.3 billion cubic meters of fuel from Azerbaijan value 4.97 billion euros.
It ought to be famous that Azerbaijan started transporting fuel to Europe by way of the Southern Fuel Hall on December 31, 2020. It transports fuel from the Caspian Sea area to European nations by way of Georgia and Turkey.
The mission price was US$33 billion. It’s anticipated that capital prices for the SGC will likely be totally recouped inside 8-10 years.
In July 2022, Azerbaijan and the EU agreed to extend fuel provides by way of the SGC from the present 10 billion cubic meters to twenty billion cubic meters by 2027.
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