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European Commission presents energy security package

Oil&Gas Materials 16 February 2016 15:37 (UTC +04:00)
The European Commission (EC) presented on February 16 its energy security package.
European Commission presents energy security package

Baku, Azerbaijan, Feb. 16

By Aygun Badalova - Trend:

The European Commission (EC) presented on February 16 its energy security package with necessary proposals to equip the EU for global energy transition as well as to be prepared for possible energy supply interruptions, the message on the Commission's website said.

The package sets out a wide range of measures to strengthen the EU's resilience to gas supply disruptions. These measures include moderating energy demand, increasing energy production in Europe (including from renewables), further developing a well-functioning and fully integrated internal energy market, as well as diversification of energy sources, suppliers and routes, according to the EC report.

Today the Southern Gas Corridor is among the European Commission's energy projects, which aims at the diversification of the EU gas supply sources and routes. Azerbaijani gas in considered as the main source for that project.

The Southern Gas Corridor, which envisages the transportation of gas from the Caspian region to the European markets, has been included in the European Commission's PCI (projects of common interest) list.

In particular, Expansion of the South-Caucasus Pipeline, Trans Anatolia Natural Gas Pipeline (TANAP), Trans Adriatic Pipeline (TAP), Interconnection Greece - Bulgaria (IGB), as well as the Trans Caspian pipeline are among the included in the PCI list projects.

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