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Energy Commissioner: EU expects Azerbaijan to play significant role in gas supplies to Europe

Oil&Gas Materials 5 June 2013 10:17 (UTC +04:00)
Azerbaijan plays an essential role as an oil supplier and we expect the country will play a similar leading role in supplies of gas to Europe
Energy Commissioner: EU expects Azerbaijan to play significant role in gas supplies to Europe

Azerbaijan, Baku, June 5 / Trend A. Badalova /

Azerbaijan plays an essential role as an oil supplier and we expect the country will play a similar leading role in supplies of gas to Europe, EU Energy Commissioner Guenther Oettinger said in his message to the participants of the International Caspian Oil and Gas Conference being held in Baku today.

Oettinger's message was delivered by EU Ambassador to Azerbaijan Roland Kobia.
"Significant progress has been made in the Southern Gas Corridor," he said. "Now we are waiting for the final decision on a pipeline route."

Oettinger also expressed the hope that eventually there will be investors for the both projects - Nabucco West and TAP.

"The Shah Deniz gas will be the first gas to be transported through the Southern Gas Corridor," he said. "This will be just beginning, not the end."

"We see the Southern Gas Corridor as the multistage project," he said. "The EU expects more gas from other sources as Turkmenistan to be transported through this corridor."

"In this regard, we will continue the negotiations with Azerbaijan and Turkmenistan on the Trans-Caspian pipeline," he said. "We expect the agreement will be reached in the nearest future."

"Azerbaijan is a partner of the EU not only in energy field," he said. "Azerbaijan is one of our key partners in the eastern partnership."

"The EU will help Azerbaijan on the way on creating ever closer links between the two parties," he added.

The Southern Corridor is one of the EU's priority energy projects aimed at diversifying the routes and sources of energy supply, thereby increasing secure delivery. Gas to be produced during the second phase of the Azerbaijani Shah Deniz field development is considered as the main source for the Southern Gas Corridor projects.
Currently, the Shah Deniz consortium considers two options for its gas transportation to Europe - TAP and Nabucco West. The final decision on the pipeline route will be made in June, 2013.

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