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U.S. Ambassador: Southern gas Corridor to play significant role for Southern Caucasus and Europe

Oil&Gas Materials 29 December 2011 18:11 (UTC +04:00)
The Southern gas corridor will play a significant role not only for the Southern Caucasus but the whole Europe, the U.S. Ambassador to Azerbaijan Matthew Brayza said at the press conference on Thursday.
U.S. Ambassador: Southern gas Corridor to play significant role for Southern Caucasus and Europe

Azerbaijan, Baku, Dec. 29/ Trend V.Zhavoronkova/

The Southern gas corridor will play a significant role not only for the Southern Caucasus but the whole Europe, the U.S. Ambassador to Azerbaijan Matthew Brayza said at the press conference on Thursday.

He stressed that 2011 was incredibly productive year for the energy sector.

"The issue was to help Turkish and Azerbaijani companies to come together and come to an agreement to transport Azerbaijani gas through Turkey to Europe," Bryza said.

Bryza added that he expects the increase in investment in this sector in upcoming month.

The Southern gas Corridor is an EU priority energy project aiming at diversifying energy supply routes and sources and increasing EU energy security. It includes the Nabucco gas pipeline, Trans Adriatic Pipeline (TAP) and ITGI (Turkey-Greece-Italy pipeline) projects.

Gas which will be produced during the second stage of Azerbaijani Shah Deniz gas condensate field development is considered as the main source for these projects.

In late October, Azerbaijan and Turkey signed a package of gas contracts which includes cost issues of Azerbaijani gas for Turkey in the Shah Deniz-2 project, volume of gas supplies to Turkey from the field after 2017, as well as a transit agreement for Azerbaijani gas transportation through Turkey.

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