Participants of SGC Advisory Council’s meeting sign joint declaration in Baku (PHOTO)
Baku, Azerbaijan, Feb. 15
By Leman Zeynalova – Trend:
Following the fourth meeting of the Southern Gas Corridor Advisory Council in Baku, the participants of the meeting signed a joint declaration.
Moreover, letters of intent were signed between Azerbaijan's SOCAR Balkans and Albania’s Albgaz companies. Another letter of intent was signed by Plinacro, Albgaz, BH Gas and Montenegro Bonus companies.
The Southern Gas Corridor is one of the priority projects for the EU and provides for the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian region through Georgia and Turkey to Europe.
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 Shah Deniz Stage 2, 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 (TANAP) and Trans Adriatic Pipeline (TAP).