SOCAR Begins Supplying Gas to Slovenia
SOCAR, Azerbaijan's national oil and gas corporation, began supplying gas to Slovenia, which had ceased importing from Russia in 2023. SOCAR noted that the gas supplies are part of a July memorandum of understanding between SOCAR and Geoplin, Slovenia's largest company in the natural gas market. SOCAR highlighted that Caspian gas is now delivered to nine countries: Turkey, Georgia, Italy, Greece, Bulgaria, Romania, Hungary, and Serbia.
Notably, Geoplin had halted Russian gas imports and resumed imports from Algeria. In late May, Algeria's Sonatrach and Geoplin signed an additional agreement for gas supplies. The North African company committed to supplying 60% more fuel than under the existing contract, totaling 500 million cubic meters per year starting in 2026. This volume represents half of Slovenia's current consumption.
Geoplin also purchases gas from the free market and virtual outlets, where Russian gas is among the resold products. Geoplin stated that this gas is considered European. "The missing volumes that Slovenia needs are currently provided by the existing diversification of procurement sources based on agreements with European partners, i.e., on short-term procurement contracts on liquid EU markets. It should be emphasized that it is not possible to claim the origin of this gas from Russia because when making transactions with European gas suppliers on virtual trading points or exchanges, it is assumed that this gas has been previously imported to the EU and is of European origin. We do not have access to records of the origin of such gas," Geoplin stated.