President: Azerbaijan contributes to realizing South Corridor projects
Azerbaijan, Baku, Oct. 25 /Trend, A.Tagiyeva/
Azerbaijan makes its contribution to implementing the South Corridor projects through realizing initiatives for the construction of gas pipelines and discovery of new gas fields, Azerbaijani President Ilham Aliyev said to at a press conference in Izmir on Tuesday, TRT Haber TV channel reported.
Aliyev said the successful cooperation with Turkey and signing an agreement with EU present Azerbaijan to world as a reliable and potential supplier of gas.
"I hope that the implementation of agreements signed today with Turkey will further increase the export of Azerbaijani gas to Turkey and via the country to Europe," said Aliyev.
The South Corridor is a priority EU energy project diversifying energy supply routes and sources and increasing EU energy security. The Southern Corridor includes the Nabucco gas pipeline, Trans Adriatic Pipeline (TAP), White Stream, and ITGI (Turkey-Greece-Italy pipeline).
The South Corridor aims to directly link the European gas market with the largest gas fields in the world - the Caspian and Middle Eastern basin, with reserves estimated at 90.6 trillion cubic meters. The EU states that the strategic goal of South Corridor is to provide 10 to 20 percent of gas demand in the EU by 2020, equivalent to approximately 45-90 billion cubic meters of gas per year.