Baku, Azerbaijan, Nov. 28
The vice-president of the European Commission for Energy Union Maroš Šefčovič is on a visit to Azerbaijan, the EU representative office in Azerbaijan told Trend Nov. 28.
During the visit Šefčovič will hold meetings with the Azerbaijani leadership and officials of the government. The Southern Gas Corridor will be the main topic of discussions.
The Southern Gas Corridor will allow Europe to diversify its hydrocarbon supply sources and strengthen energy security and also will allow Azerbaijan to obtain a new market in Europe.
On December 17, 2013, a final investment decision was made on the Stage 2 of the Shah Deniz offshore gas and condensate field's development. The gas produced at this field will first go to the European market (10 billion cubic meters). Around six billion cubic meters will be annually supplied to Turkey.
The gas to be produced as part of the Stage 2 of the field's development will be exported to Turkey and to the European markets by means of expanding the South Caucasus Pipeline and construction of the Trans-Anatolian Gas Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP).
edited by CN