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Azerbaijan, EU encourage investors to take all possible measures for timely distribution of gas under Shah Deniz-2 Project

Oil&Gas Materials 14 January 2011 11:52
Azerbaijan and the European Commission support the investors in taking all possible measures in a timely manner on the joint distribution of gas, which will be produced within the Shah Deniz-2 Project, the "Joint Declaration on the Southern Gas Corridor", which was signed by Azerbaijani President Ilham Aliyev and President of the European Commission, Jose Manuel Barroso in Baku on Jan.13, reads.
Azerbaijan, EU encourage investors to take all possible measures for timely distribution of gas under Shah Deniz-2 Project

Azerbaijan, Baku, Jan. 14 / Trend A. Badalova /

Azerbaijan and the European Commission support the investors in taking all possible measures in a timely manner on the joint distribution of gas, which will be produced within the Shah Deniz-2 Project, the "Joint Declaration on the Southern Gas Corridor", which was signed by Azerbaijani President Ilham Aliyev and President of the European Commission, Jose Manuel Barroso in Baku on Jan.13, reads.

The text of the declaration was posted on the official website of the European Commission.

The declaration reads that the sides urge a swift allocation process for the available gas resources at the Shah Deniz 2 Project and other fields in Azerbaijan and encourage investors to take all possible measures for the joint allocation of that gas in a timely manner.

The sides declare that "our common objective is to see the Southern Corridor established and operational as soon as possible and to establish the Republic of Azerbaijan as a substantial contributor to - and enabler of - the Southern Gas Corridor."

"The parties state that by enabling the transport of natural gas from fields in Azerbaijan and beyond, this strategic corridor complements the existing gas corridors of the European Union, with the creation of this route from the Caspian region to the European market also corresponding to the shared strategic objective of the European Union and the Republic of Azerbaijan to diversify gas delivery routes and establish direct energy and transport links, "the declaration reads.

The Southern 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).

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