Sept. 19 – Hera Trading, company of the Hera Group dedicated to the sale of wholesale gas and electricity, signed today, in Baku, Azerbaijan, a contract for the purchase of natural gas from the Shah Deniz field in development in the Caspian Sea territory. The contract, signed with the Shah Deniz Consortium, has a term of 25 years and provides for the allocation, in this first phase, of an annual volume of 300 million cubic meters of gas. The first supplies are not expected before 2019. The company is the only Italian local utility to participate in the purchase of Azerbaijani gas through the TAP, the Trans Adriatic Pipeline. “Being able to carve out a space among the buyers of gas that will be carried by TAP,” says the president of Hera, Tomaso Tommasi di Vignano, “is a particularly helpful move that will ensure business growth with a diverse and flexible portfolio” and is also an “implicit recognition of the importance that the group is gathering on the domestic gas market.”
