Baku, Azerbaijan, March 17
By Aygun Badalova - Trend:
The Southern Gas Corridor project, aiming at supply of the Caspian gas to Europe, is one of the biggest construction projects of our time, Vice-President of the European Commission for Energy Union Maros Sefcovic said at the at the High-level Conference "EU energy cooperation with the Eastern Neighbourhood and Central Asia" in Brussels.
The speech of Maros Sefcovic is published on the Eujropean Commission's official website.
"Very important area where I expect we make significant progress this year is the Southern Gas Corridor. This pipeline chain of 3,500 km whose value USD 45 Billion is one of the biggest construction projects of our times", Sefcovic said.
"With this, Europe will start receiving Caspian gas in 2020," he added.
Sefcovic also said that the EU's eastern neighbourhood and Central Asia play a central role in the Energy Union, which is one of the EU's most strategic projects and top priorities.
Today the Southern Gas Corridor is among the European Commission's priority energy projects, which aims at the diversification of the EU gas supply sources and routes.
The project envisages transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian Sea to Europe through Georgia and Turkey.