Southern Gas Corridor to play key role in energy security of Europe: expert

Southern Gas Corridor to play key role in energy security of Europe: expert

Baku, Azerbaijan, May 30

By Ilkin Shafiyev - Trend:

The Southern Gas Corridor project will play an important role in ensuring the energy security of the region and Europe, Gulmira Rzayeva, Senior Research Fellow at the Center for Strategic Studies under the President of the Republic of Azerbaijan, Research Associate at the Oxford Institute for Energy Studies (OIES) and expert/adviser of the World Energy Council’s Global Gas Center, told Trend.

She said the project will bring great benefits to Azerbaijan and increase Baku's role in the region.

"Azerbaijan is the project's initiator. Thanks to the work done and political support of the country's leadership, the first stage of the project was successfully launched in a timely manner. The Southern Gas Corridor is a very complex project from a technical point of view and is implemented in a region with a difficult political situation. Nevertheless, nothing could obstacle its implementation, which is a huge success for Azerbaijan. After all, most of similar projects remain on paper," Rzayeva noted.

She stressed that the project will help diversify supply sources for European countries, primarily for the countries of Southeastern Europe.

"Bulgaria, for example, today depends almost entirely on one supplier. One billion cubic meters of gas to be supplied by Azerbaijan will allow that country to cover one third of its gas demand. The same can be said about Greece and Italy. So, the project is able to change the energy map of the region and Europe. In addition, do not forget that other countries suppliers can join the Southern Gas Corridor," Rzayeva said.

The official opening ceremony of the Southern Gas Corridor was held in the Sangachal terminal, Baku, May 29.

The Southern Gas Corridor, worth over $40 billion, is considered as one of the priority energy projects for the EU, which strives for diversification of gas sources. The project envisages the transportation of gas from the Caspian region to the European countries through Georgia and Turkey.

At an initial stage, the gas to be produced in 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).

---

Follow the author on Twitter: @IlkinShafiyev

Armenian political analyst: We saw Pashinyan's real image in Munich
Armenian political analyst: We saw Pashinyan's real image in Munich
Armenia violates ceasefire with Azerbaijan 22 times on Feb. 15-16
Armenia violates ceasefire with Azerbaijan 22 times on Feb. 15-16
Turkey condemns Syria for adopting resolution on so-called "Armenian genocide"
Turkey condemns Syria for adopting resolution on so-called "Armenian genocide"
Loading Bars
Latest
Korea Trade-Investment Promotion Agency talks success of Azerbaijan’s economic policy
Georgian Berry Company expands production
Turkmenistan's ambassador presents credentials to Germany's federal president
Balance of bank loans in Iran revealed
Iran to pay compensation to flood hit farmers
Korean citizen with flu symptoms to be tested for coronavirus in Tbilisi hospital
Volume of rail freight transportation increases in Azerbaijan
New trade representative of Russia in Azerbaijan appointed
Morgan Stanley to buy E*Trade Financial in $13 billion deal
BP interested to participate in renewable energy production in Georgia
National Iranian South Oilfields Company to buy PDC core head via tender
Iran’s Pars Oil Company to domestically produce motor oil
Kazakhstan’s oil producing company to buy radio stations via tender
Restructurization of Kazakhstan's Tengri Bank halted
Azerbaijan significantly increases export of oil
Azerbaijan’s CEC annuls results of voting at one more polling station
National Iranian South Oilfields Company to buy gas turbine spare parts via tender
Turkish businessmen to enter Uzbekistan's market
SOCAR, Snam to study development of renewable gases, use of sustainable energy
Azerbaijani, Italian presidents made press statements (PHOTO)
US notifies citizens on situation regarding new coronavirus in Turkmenistan
National Iranian South Oilfields Company to buy air compressor spare parts via tender
Value of road freight transportation increases in Azerbaijan
Kazakh KAZ Minerals studying one of largest undeveloped copper fields
Iran prepares sponsorship plan for retired civil servants
Azerbaijan’s State Security Service conducting special operation in Netchala district
UK is more free to trade and develop partnerships with Azerbaijan, says PM’s Trade Envoy
Luxembourg PM: Britain must stick to fair competition commitments
EU privacy body warns of privacy risks in Google
Azerbaijani agricultural products would be popular in UK: Baroness Nicholson
Baroness Nicholson: UK ready to help maximize Azerbaijan’s solar, wind and hydro generation potential
Iran's West Oil & Gas Production Company discloses oil production volumes
Azerbaijan reveals wine export revenues
Azerbaijani President Ilham Aliyev, Italian President Sergio Mattarella hold expanded meeting (PHOTO)
Kazakh freight transportation operator opens tender for equipment modernization
Azerbaijani, Italian presidents hold one-on-one meeting
Oil products to be put up for sale at Iran Energy Exchange
Israel's Wix.com sees 2020 revenue reaching almost $1 billion
WHO says in touch with South Korea on 'cluster of COVID-19 cases'
Azerbaijan exports hazelnuts to Lebanon for first time
National Bank of Georgia joins network of central banks
Chinese CNPC opens tender for selling of lump sulfur in Turkmenistan
Turkish Grand National Assembly: Azerbaijan, Turkey want peaceful settlement of Karabakh conflict
ARETI taking part in development of Turkmen shelf of Caspian Sea
Volume of cargo transportation in Azerbaijan increases
Azerbaijani company talks on plans to cover Georgian, Kazakh IT market
Uzbekistan plans to introduce modern "smart water" system
Azerbaijan’s Ateshgah Life insurance company preparing new products
Azerbaijani Central Bank eases currency regime for entrepreneurs
Central Bank of Iran: Denomination to be implemented within 2 years
Kazakhstan’s KAZ Minerals talks copper, precious metals output in 2020
Three test positive for coronavirus in Iran - health ministry
Belarus to help Georgia in creating dairy farms
Uzbekistan plans to purchase helicopters from Russia's Tatarstan
Kazakhstan officially prohibits personal protective equipment export amid coronavirus spread
Output of Iran’s South Zagros Oil & Gas Production Company revealed
Official welcome ceremony held for Azerbaijani president in Rome (PHOTO/VIDEO)
Edison sees decrease in sales revenues
Azerbaijan’s State Security Service conducting special operation in administrative building of Netchala District Executive Power
UK retail sales rebound in January after weak end to 2019
German state minister: Owner of car used to flee shooting was 43-year-old German
Austrian FM to visit Iran
National Iranian South Oil Company discloses oil production forecast
Uzbek-Korean JV announces tender to buy universal toner
Turkmenistan Airlines cancels flights to Russian cities
Turkey discloses volume of cargo transshipment through Port of Aliaga
Production of metallurgical industry in Azerbaijan increases
Global LNG demand to double by 2040
Turkmenistan exporting cement to Afghanistan, Uzbekistan
Car production grows in Azerbaijan
Price of Chevrolet cars manufactured in Uzbekistan increases
Georgia increases electricity consumption
Azerbaijan eyes to increase wine production
Producer Price Index decreases in Georgia
Turkmen Health & Medical Industry Ministry opens tender to purchase medical equipment
Uzbekistan postpones Tashkent Investment Forum due to spread of coronavirus
Share of domestic exports up in Georgia
SOCAR, Azerbaijan's STP create joint venture (PHOTO)
Uzbekistan makes significant progress in average Internet connection speed
Body of missing Azerbaijani soldier evacuated from neutral territory (PHOTO)
Baku Higher Oil School holds discussions on topic ‘Women and Engineering’ (PHOTO)
Export Price Index decreases in Georgia
Azerbaijan increases agricultural production
Uzbekistan, Malaysia to co-op on military-industrial complex projects
Further OPEC action to do little to stem tide of bearish sentiment in oil market
Iran discloses land area provided with modern irrigation systems
Iranian currency rates for Feb. 20
Partners & Business exhibition kicks off in Baku
President Ilham Aliyev: Work done in Baku in recent years, bridges and road junctions built probably have no equal
Aéroports de Paris interested in investing in Georgia
President Ilham Aliyev: Most modern technologies should be applied in Baku
Azerbaijani oil prices on Feb. 19
Uzbekistan, Turkey sign joint statement following first meeting of Strategic Cooperation Council
Cathay Pacific suspends Tel Aviv - Hong Kong flights
Gold, silver prices up in Azerbaijan on Feb. 20
Azerbaijani tea producer significantly increases plantation area
Turkmen state corporation opens tender to purchase various equipment
Estonia ready to deepen cooperation with Georgia
Deputy director: Sustainable production - priority for National Iranian Oil Company
Azerbaijani currency rates for Feb. 20
All news