Georgian ambassador: No alternatives to ‘Southern Gas Corridor’

Georgian ambassador: No alternatives to ‘Southern Gas Corridor’

Baku, Azerbaijan, Mar. 2

By Anakhanum Khidayatova - Trend:

The 'Southern Gas Corridor' is an initiative of Azerbaijan and a project of President Ilham Aliyev, Georgia's Ambassador to Azerbaijan Teymuraz Sharashenidze said in an interview with Trend on March 2.

He said the 'Southern Gas Corridor' is the most important project, to be realized in the 21st century, connecting the South Caucasus with Europe.

"This project can be called an uncontested alternative," he said.

The ambassador went on to add that the 'Southern Gas Corridor' will become an alternative to Russian gas supplies to Europe, and in this sense it has no rival.

"The 'Southern Gas Corridor' is also the energy security of the region and Europe," Sharashenidze said. "Most of the analysts and representatives of the EU have the same opinion.

He added that the project is invaluable, as it plays a most certain role in ensuring the region's security.

The diplomat further said the project costs $45 billion, while the construction of the Georgian section of the 'Southern Gas Corridor' stands at about $2 billion.

"Two compressor stations will be built in Georgia," he said. "All the design works have been carried out, and these issues are dealt by a working group of 700-750 people."

The ambassador said that over 4,500 pipes for the gas pipeline have been already shipped to the ports of Poti and Batumi

"The pace of work is increasing," the ambassador added.

Speaking about a possible competition between the 'Southern Gas Corridor' and 'Turkish Stream' projects, Sharashenidze said the former is already a formed and finished project having budget and operational authority, i.e. the consortium for construction.

He said the transit and consumer countries have been defined, and there are agreements on political level, as well as contracts between customers and contractors, and so on.

The diplomat said that today the 'Turkish Stream' is only an idea having no material support or customers, and no contract has been signed as part of it.

"It is difficult to compare an existing project with an idea," he said. "If this idea becomes a project, it will be possible to make comparison. But at the moment this is not possible."

The 'Southern Gas Corridor' envisages the delivery of gas from Azerbaijan's Shah Deniz gas and condensate field to Europe.

The gas to be produced as part of the second stage of the field's development will be exported to Turkey and European markets through the expansion of the South Caucasus Pipeline and the construction of Trans Anatolian Natural Gas Pipeline (TANAP) and the Trans Adriatic Pipeline (TAP).

On Dec. 1, 2014, during talks in Turkey, Russia's President Vladimir Putin announced the cessation of the project for the 'South Stream' gas pipeline, which was meant to run from Russia to Bulgaria.

A new project was immediately initiated. The project called the 'Turkish Stream' is meant for Turkey and consumers in the EU, which will be able to receive the volumes they want from the trading hub on the border between Turkey and Greece.

Russia's Sberbank announced on Jan. 23 its readiness to finance the construction of the 'Turkish Stream' gas pipeline.

Edited by CN


Follow the author on Twitter: @Anahanum

U.S. gas stations still shut, prices at 7-yr high in slow recovery from cyberattack
U.S. gas stations still shut, prices at 7-yr high in slow recovery from cyberattack
Finland offers Azerbaijan knowhow in ports industry
Finland offers Azerbaijan knowhow in ports industry
DSK Bank provides short-term loan for IGB
DSK Bank provides short-term loan for IGB
Loading Bars
U.S. gas stations still shut, prices at 7-yr high in slow recovery from cyberattack
Georgia, China discuss prospects for further deepening cooperation in various fields
Georgia, Ukraine and Moldova take steps to boost cooperation with EU on security and defense issues
Georgia introduces new tax initiatives
Finland offers Azerbaijan knowhow in ports industry
Georgia may adjust budget for 2021 - Minister of Finance
Georgia plans to revise its 2021 economic growth forecast
Tourism in Georgia recovering faster than expected - Minister
DSK Bank provides short-term loan for IGB
USAID, Gazelle Finance to allocate funds for Georgian SMEs
Georgia plans to open land borders
MTBS to update business model for Georgian Anaklia deep seaport project
TAP launches binding phase of its market test
Aide to Azerbaijani president met with EU Commissioner
Amazon considering buying MGM Studios
US, EU to start talks on steel tariffs imposed during Trump administration
Int'l consulting company MTBS to update freight forecast, business model for Anaklia project
Turkey’s budget balance posts $772 mln surplus in Jan-April
Managers of Kazakhstan’s large companies expected to arrive in Tajikistan
$1.7bn contract signed with local co. to develop Farzad B
Honeywell says Industry 4.0 to enable quick return to growth post-COVID (INTERVIEW)
Brunei imposes int'l travel ban to 4 more countries
US residential energy use falls 4 pct in 2020 - EIA
Biden administration approved $735 million arms sale to Israel
Int'l transactions in securities generate net fund outflow from Canada in March
Portuguese scientists create bactericidal varnish
UN agency to provide 706,000 USD to help South Sudan farmers reduce COVID-19 impact
Italy shortens COVID curfew, eases other restrictions
Aeroflot removes all June tickets to Turkey from sale except for two flights - airline
Ryanair posts record annual loss, hopes to break even this year
Turkey reports over 10 170 COVID-19 cases
Georgia will import an additional 1 mln doses of Pfizer vaccine in summer - PM Garibashvili
Kazakhstan strengthening interparliamentary ties with Lithuania
Activities in Iran’s Qeshm port soar
Resident of Azerbaijan’s Sumgayit Chemical Industrial Park exports products to Italy
Azerbaijan sees increase in 4M2021 foreign trade turnover figures
World Economic Forum special meeting in Singapore to not take place
Kazakh, Polish, Ukrainian and Arabian airlines to resume flights to Batumi
Excess pesticide use threatens Turkey's bee population
Azerbaijan’s Baku Metro company opens tender to buy services to modernize railcars
Flights of light aircraft suspended in Iran
Iran's Energy Exchange announces products to be on sale on May 18
Georgia finalizing 10-year economic development plan
Azerbaijan's rating upgraded by Fitch Ratings based on maintaining economic stability - Unicapital
Forces envious of Azerbaijan's success trying to spoil country’s relations with friends - MP
Incident in Georgia purely domestic in nature - Azerbaijani MP
Azerbaijan developing program for transformation of healthcare system
Assistant to Azerbaijani president, NATO deputy Sec-Gen meet in Brussels (PHOTO)
Azerbaijan sends numerous appeals to int’l organizations about Armenia's war crimes
Bronze monument to world-famous Azerbaijani singer to be ready in a month - Trend TV
Command-staff exercises start in Azerbaijan’s Nakhchivan garrison (PHOTO/VIDEO)
EBRD loan portfolio in Azerbaijan shrinks
Iran reveals volume of crude oil to be transported via Goureh-Jask pipeline
Iran, Italy to expand economic ties – FM
Saudia Airlines eyes return to profitability by 2024
Azerbaijan Innovations Export Consortium eyes to expand co-op with Turkic-speaking countries
EBRD's net profit declines in 2020
Activity of Heydar Aliyev Foundation today covers all important spheres of life in Azerbaijan - Russian MP
Novatek to complete Arctic LNG-2 construction one year earlier
Kazakhstan boosts trade with Turkmenistan despite COVID-19
Turkish ŞINLAK HOLDING eyes building solar power plant in Kazakhstan
Uzbek-Chinese JV opens tender for welding electrodes
Turkmenistan's Turkmengas opens tender for purchase of chemical products
Iran's FM discussing international issues with Pope (PHOTO)
Turkmenistan’s Railways open tender for construction of railway station
Azerbaijan's oil exports decline in 4M2021
Uzbek-Chinese JV opens tender for electrical spares parts
France, Germany and Spain strike deal over joint combat jet
Iran’s Bahar Azadi gold coin price again falling
Azerbaijan reports sharp increase in 4M2021 gas exports
Uzbek currency rates for May 18
Uzbekistan Railways notes decrease in net loss
Azerbaijan Economy Ministry cancels requirement of several taxpayers for non-cash payments
EBRD approves working capital loan to Kazakhstan companies operating chromium mine
WTL talks construction of DC, SDA units at Turkmenbashi Complex of Oil Refineries
Uzbekistan, S. Korea eye enhancing bilateral co-op in public security
Kyrgyz Republic’s SMEs Sector to Benefit from ITFC’s US $4 Million Line of Trade Financing Facility
Iran unveils production data of steel products
Germany implementing pilot agricultural project in Azerbaijan
Azerbaijan announces number of citizens vaccinated on May 17
Azerbaijan's 4M2021 revenues from gasoline, diesel retails disclosed
Azerbaijan confirms 426 more COVID-19 cases, 515 recoveries
Iran has potential to become hub for home appliances export
Railway freight traffic between Kazakhstan, Lithuania grows despite COVID-19
Russia ready to assist Armenia, Azerbaijan in border delimitation issue - FM
Volume of Georgian wine exports and its value up
Iran continues to import COVID-19 vaccines
Majority of mobile communication operators in world to support eSIM by 2025 - GSMA Association
Several types of COVID-19 vaccines delivered in Turkmenistan
Active work underway on construction of Pskem HPP in Uzbekistan
Uzbekneftegaz repairs unit for gas purification from sulfur at Mubarek Oil & Gas Production dep’t
Money transfers to Georgia up in April 2021
Lithuania looks to resume regular flights to Kazakhstan - ministry
Kazakhstan boosts mining of iron ores
Unemployment rate down in Azerbaijan
Turkish ambassador meets with head of Turkey-Azerbaijan Interparliamentary Friendship Group (PHOTO)
Baku Boulevard to remain open during 2021 F1 Azerbaijan Grand Prix competition - Baku City Circuit
‘Nar’ team progresses to semifinal in ‘Brain Ring’
Value of chargeable services rendered to Nakhchivan's population in 4M2021 drops
Turkmenistan‘s Turkmenbashi oil refinery develops its industrial potential
All news