The Eastern Neighbourhood Region and the EU’s energy interests
Publisher: CEE Bankwatch Network
Volume: 3 pages, pdf
Description:
Azerbaijan has been a part of the EU Neighbourhood Policy since 2004. The EU’s interests in Azerbaijan are largely defined by the Energy Memorandum signed in 2005, which was later strengthened by the Eastern Partnership Initiative and the joint declaration on the Southern Gas Corridor in 2011. According to the then EU Energy Commissioner Ottinger, “Azerbaijan has confirmed its critical role and commitment to building bridges to the EU. We are closely following gas operations in Shah Deniz-2. The Commission has long underlined its interest in a strategic allocation of gas from Shah Deniz-II that allows the Southern Gas Route to develop”.