Azerbaijan state energy company, SOCAR, has signed a memorandum of understanding (MoU) with several EU states to “encourage cooperation” with natural gas transmission companies. Other companies that signed the MoU are Bulgartransgaz (Bulgaria), Transgaz (Romania), FGSZ (Hungary), and Eustream (Slovakia). Azerbaijan exports natural gas to Bulgaria, Italy, Greece, and Romania and plans to start exporting gas to Hungary later this year.