Baku, Azerbaijan, May 26
By Aygun Badalova - Trend:
Azerbaijan is committed to the implementation of the Southern Gas Corridor (SGC) project, which will play substantial role in the diversification of natural gas suppliers to Europe, Azerbaijan's Foreign Minister Elmar Mammadyarov said in an interview with The Business Year, magazine on annual economic resources on national economies.
"Two important projects, the Trans-Anatolian Natural Gas Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP), are now being implemented within the framework of the SGC, which has the potential to meet up to 20 percent of Europe's gas needs in the future," Mammadyarov said.
Azerbaijan is currently the only country producing for the establishment of the SGC project, he added.
Energy infrastructure projects have significantly strengthened Azerbaijan's relationship with its close partners and intensified the regional cooperation with Turkey and Georgia, he said.
The Southern Gas Corridor is one of the priority energy projects for the EU. It envisages the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian Sea region to the European countries through Georgia and Turkey.
At the initial stage, the gas to be produced as part of the Stage 2 of development of Azerbaijan's Shah Deniz field is considered as the main source for the Southern Gas Corridor projects. Other sources can also connect to this project at a later stage.
As part of the Stage 2 of the Shah Deniz development, the gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of Trans-Anatolian Natural Gas Pipeline and Trans-Adriatic Pipeline.
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