Baku, Azerbaijan, Oct. 13
By Azad Hasanli – Trend:
Italy’s Tenaris Global Services is interested in Azerbaijan’s energy market, said the company’s CEO Paolo Rocca.
Rocca made the remarks during his meeting with Azerbaijan’s Energy Minister Natig Aliyev, the Azerbaijani Energy Ministry said Oct. 13.
He said that the company is ready to render its services in Azerbaijan and benefit from opportunities created by the energy cooperation and joint projects being implemented by Italy and Azerbaijan.
Natig Aliyev, in turn, spoke about the reforms and measures conducted for the development of the non-oil sector in Azerbaijan. The minister highlighted that favorable conditions for investments were created in Azerbaijan.
He added also that despite the decline in oil prices, the Southern Gas Corridor (SGC) project is being implemented without delays and gas will be delivered to Europe via the Trans Adriatic Pipeline (TAP) in 2020.
The TAP project, said Aliyev, is supported by the Italian government and the project’s timely implementation is equally important for all parties.
“Under the terms of the signed agreements, defaulting party will be fined,” noted the minister. “Therefore, it is very important that the work is carried out in a timely manner.”
TAP is a part of the Southern Gas Corridor, which is one of the priority energy projects for the EU.
TAP project envisages transportation of gas from the Stage 2 of development of Azerbaijan's Shah Deniz gas and condensate field to the EU countries.
The 870-kilometer pipeline will be connected to the Trans Anatolian Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy's south.