Only Azerbaijan can ensure diversification of gas supplies to Europe

Oil&Gas Materials 21 October 2015 19:53 (UTC +04:00)

Baku, Azerbaijan, Oct. 21

By Seba Aghayeva - Trend:

The Southern Gas Corridor is the only real alternative for Hungary to obtain additional volumes of gas, Hungarian ambassador to Azerbaijan İmre Laszloczki told Trend.

Hungary will participate in all activities on this project implementation.

"Only Azerbaijan can ensure the diversification of gas supplies to Europe and can play a key role in the Southern Gas Corridor projects," the diplomat said.

"This corresponds to the strategic interests of Hungary," he said. "Not only Hungary but also the EU are interested in Azerbaijani gas to be transported to Europe."

"Today Hungary is by 85 percent dependent on Russian gas and this is too much," Laslotski said.

The Southern Gas Corridor is one of the priority energy projects for EU. It envisages the transportation of gas from the Caspian Sea region to the European countries through Georgia and Turkey.

At the initial stage, the gas to be produced as part of the Stage 2 of development of Azerbaijan's Shah Deniz field is considered as the main source for the Southern Gas Corridor projects. Other sources can also connect to this project at a later stage.

As part of the Stage 2 of the Shah Deniz development, the gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of Trans-Anatolian Natural Gas Pipeline and Trans-Adriatic Pipeline.

Edited by CN