"South Gas Corridor" project should be realized: UK Energy Minister
Azerbaijan, Baku, Sept. 16 / Trend , A.Badalova/
The United Kingdom supports the energy policies of the European Union, the main component of which is to diversify energy supply routes, UK Energy Minister, Lord Hunt, said on Sept. 16.
"Diversification - is one of the key guarantees of security," Hunt said at an international conference in Baku.
The Minister said the establishment of the South Gas Corridor is an important tool in achieving this goal. He expressed confidence that the project can and should be fully implemented. Hunt also noted the need for substantially its investment.
"We need a political will and practical steps in terms of implementation," said the Minister.
The UK experience for the development of hydrocarbon reserves should be important to provide investment necessary for the project, Hunt said.
"Azerbaijan's position allows the country to become a leader in the region and ensure the involvement of other countries in the Extractive Industries Transparency Initiative," said the Minister.