...

Azerbaijan to play vital role in supplying European gas market

Oil&Gas Materials 4 June 2014 10:32 (UTC +04:00)
Azerbaijan is considered to play a vital role in supplying European gas market in decades to come, British PM's Trade Envoy to Azerbaijan, Kazakhstan and Turkmenistan said.
Azerbaijan to play vital role in supplying European gas market

Baku, Azerbaijan, June 4

By Aygun Badalova - Trend:

Azerbaijan is considered to be playin a vital role in supplying European gas market for decades to come, Charles Hendry, British Prime Minister's Trade Envoy to Azerbaijan, Kazakhstan and Turkmenistan said at the 21st Caspian International Oil and Gas Conference in Baku.

Azerbaijan is at the heart of the region, and the country's large energy resources are fundamental for the European and global energy market, he said.

Hendry stressed that the Southern Gas Corridor is designed to transport Caspian gas to European markets and it will play important role for diversification of the EU supplies.

"The construction of the corridor is one of the most challenging infrastructure projects," he said.

The Southern Gas Corridor is a project that will allow Europe to diversify its sources of hydrocarbon supply and strengthen energy security and enable Azerbaijan to get a new market in Europe.

The gas to be produced within the second phase of the Azerbaijani gas condensate Shah Deniz field's development is considered as the main source for the Southern Gas Corridor.

Hendry stressed that Azerbaijan is an important partner for the UK and not only in energy sphere.

"We have 300 companies working here. And not only in energy, but also in such spheres as construction, design, education and etc.," he said.

Tags:
Latest

Latest