Energy Crisis Spurs Slovakia to Explore New Gas Routes via Azerbaijan and Uzbekistan

| News, Economy, Azerbaijan

On January 27, in an interview with the Eastern European Bureau of Report, Igor Šimko, a Slovak Parliament member, discussed the implications for Slovakia, alternative supply options, and measures to ensure energy stability. 

Šimko noted that the cessation of Russian gas transit represents a significant and unwelcome shift for Slovakia. Denisa Saková, the Minister for the Economy, described the decision as illogical and harmful to Europe while also economically disadvantaging Ukraine. Šimko stated, "This situation has underscored the importance of diversifying energy sources and reducing dependency on a single supplier." While Slovakia has existing contracts for gas imports from the West, redirecting Russian gas via more expensive routes, such as sea-based deliveries to Western Europe, will result in higher costs for businesses and households.

Šimko emphasized the necessity of investing in renewable energy sources (RES) and modernizing infrastructure to ensure long-term energy stability. He also highlighted ongoing negotiations with partners to secure affordable energy supplies. Full gas reservoirs cover Slovakia's immediate needs, but future purchases are expected to place an economic burden on consumers.

Addressing the potential role of Azerbaijani gas, Šimko advocated for the development of a southern corridor to facilitate Azerbaijani gas transit to the European Union, describing it as a strategic opportunity to enhance supply stability. He stated, "Diversifying supply routes, including those towards Azerbaijan, is essential to reduce reliance on costly liquefied gas transported by sea." Šimko praised Minister Saková’s efforts to explore options, including Azerbaijani and Uzbek gas, as well as the potential transit of Russian gas purchased at the Russian-Ukrainian border via Slovakia's SPP.

Šimko concluded by stressing the need for clarity from Ukraine on its options to address transit issues, noting that the suspension of gas transit negatively affects transit fees for both Slovakia and Ukraine while threatening the competitiveness of EU industries.

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