Azerbaijan's untapped gas resources may expand Southern Gas Corridor: draft declaration

Azerbaijan's untapped gas resources may expand Southern Gas Corridor: draft declaration

Baku, Azerbaijan, Feb.2

By Leman Zeynalova – Trend:

Significant untapped gas resources in Azerbaijan can provide additional gas supplies to Europe, Trend reports citing the draft joint declaration expected to be signed during the 5th meeting of the Advisory Council of the Southern Gas Corridor to be held on February 20 in Baku.

The draft declaration reads that all remaining segments of the Southern Gas Corridor are nearing completion, with the first gas to Italy expected to be supplied by 2020.

“We declare that the Southern Gas Corridor has achieved significant progress and we maintain our effort to ensure its timely completion enabling delivery of natural gas to Europe by 2020,” says the document.

The declaration recognizes the strategic role of Azerbaijan as a key enabler of the Southern Gas Corridor in the efforts to deliver secure, sustainable, competitive and affordable energy to consumers in Georgia, the Republic of Turkey and Europe and appreciates the investments of Azerbaijan and International Energy Companies in the components of the Southern Gas Corridor, including in Europe itself.

Moreover, the document recognizes that significant untapped gas resources in Azerbaijan can provide additional gas supplies to Europe and recognizes the decision of Azerbaijan and investing companies to facilitate development of Absheron, Umid, Babek, Karabakh, Dan Ulduzu, Ashrafi, Shah Deniz III and other fields to continue to supply and possibly expand the Southern Gas Corridor.

“We welcome the interest of potential additional new suppliers of natural gas to use the Southern Gas Corridor to further diversify natural gas supplies to Europe and to other countries; and encourage discussions to ship additional gas supplies to Europe,” reads the declaration.

It is envisaged that the Joint Declaration will be endorsed by representatives of the Republic of Azerbaijan, the Republic of Albania, Bosnia and Herzegovina, the Republic of Bulgaria, Georgia, the Hellenic Republic, the Italian Republic, the Republic of Turkey, the Republic of Croatia, Montenegro, Romania, San-Marino, the United Kingdom, the United States of America, and the European Union.

The first meeting of the SGC Advisory Council was held on February 12, 2015, the second meeting - on February 29, 2016, the third meeting - on February 23, 2017, the fourth meeting - on February 15, 2018.

The Southern Gas Corridor is one of the priority projects for the EU and envisages the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian region through Georgia and Turkey to Europe.

The launching ceremony of the first stage of the Southern Gas Corridor was held in Baku on May 29, 2018, while opening ceremony of TANAP was held on June 12, 2018 in the Turkish city of Eskisehir.

The gas from the Azerbaijani Shah Deniz field has already gone through the first segment of the Southern Gas Corridor - from the Sangachal terminal to the expanded South Caucasus Pipeline.

Trans-Adriatic Pipeline (TAP) and Trans-Anatolian Natural Gas Pipeline (TANAP) have been recently connected on the Turkish-Greek border.

Follow the author on Twitter: @Lyaman_Zeyn

Armenia discloses number of servicemen killed by Azerbaijani army
Armenia discloses number of servicemen killed by Azerbaijani army
Isbank Georgia  talks about its cooperation with IFC
Isbank Georgia talks about its cooperation with IFC
Restoration of territorial integrity of Azerbaijan - undoubtedly legitimate process - Georgian expert
Restoration of territorial integrity of Azerbaijan - undoubtedly legitimate process - Georgian expert
Loading Bars
Latest
Turkey confirms 2,102 daily COVID-19 patients, 355,528 in total
Moscow records another 62 coronavirus deaths
Trump tests negative for coronavirus ahead of debate: aide
France extends curfew as COVID second wave surges in Europe
Armenians commit provocation during sanctioned protest action of Azerbaijani youth in Poland (PHOTO)
WHO reports record daily rise in coronavirus cases across the globe
ANAMA disseminates info on missile attack on Azerbaijan’s Kurdamir by Armenia (PHOTO)
Car exports to Israel declines, Turkish Trade Ministry
Situation when significant part of Azerbaijan's territory is lost can't last forever, Vladimir Putin
Armenia discloses number of servicemen killed by Azerbaijani army
We already started to plan our future agricultural development with respect of liberation of territories - President Aliyev
Without normalization of relations with Turkey and with Azerbaijan Armenia has no future - President Aliyev
If Armenia makes constructive steps and liberate territories of course, we will open all communications - President of Azerbaijan
Popular Front Party, and Musavat Party going against national interests of Azerbaijan - President Aliyev
With TAP pipeline everything is on the schedule, says president of Azerbaijan
If any country assumes role of mediator, this country must be neutral, says Azerbaijani president
International monitors, peace-keeping forces one of last issues, which had to be addressed - President Aliyev
All the regions of Azerbaijan must be liberated, says President Ilham Aliyev
Azerbaijan is fighting itself, we don’t need any foreign fighters - President Aliyev
There will be no referendum in Nagorno-Karabakh - President Aliyev
If we are attacked, we must not only defend ourselves, but also launch a counter-attack - President Aliyev
Our refugees and internally displaced persons must return to all the occupied territories - President Aliyev
We must have decisive say about international monitors, says Azerbaijani president
If Minsk Group for 30 years cannot produce results, it speaks for itself - President Aliyev
WHO roots for rapid diagnostic tests to boost COVID-19 war in Africa
Kazakhstan to boost export of agricultural products to SCO markets
Int'l organizations informed about rocket attacks on Azerbaijani regions (PHOTO)
Morale of Azerbaijani army personell at high level - Azerbaijani MoD (VIDEO)
With this Armenian government unfortunately, prospects for peaceful settlement very remote - President Aliyev
More military equipment of Armenian armed forces destroyed (VIDEO)
Azerbaijani flag hoisted in Agbend village of Zangilan district (VIDEO)
Central Bank presents forecasts for Uzbekistan’s macroeconomic dev’t
Kazakhstan, Romania trade turnover increases despite COVID-19
With liberation of Aghband settlement, taking full control over Azerbaijani-Iranian state border ensured - President Ilham Aliyev
Azerbaijani Army liberates 3 villages of Fuzuli district, 4 villages of Jabrayil district - President Ilham Aliyev
Azerbaijani Army liberates 13 villages, Aghband settlement of Zangilan district - Azerbaijani president
Russia continues to make active efforts to resolve Karabakh conflict - MFA
OIC Parliamentary Union condemns Armenia's attack on Azerbaijan's Ganja
Azerbaijani RabitaBank's assets for 9M2020 grow
Morocco decreases import of Turkish cars
Uzbekistan, Afghanistan to jointly attract funds for transport corridors dev’t in Central Asia
Uzbekistan, Tajikistan agree on resumption of flights
Armenia's tries to present its position as "peaceful" - total nonsense, Azerbaijan says
Iran to offer loans to support industrial production
Isbank Georgia talks about its cooperation with IFC
Restoration of territorial integrity of Azerbaijan - undoubtedly legitimate process - Georgian expert
Adidas plans to sell ailing Reebok business within months
Cargo transportation between Uzbekistan, Afghanistan grows despite decline in int'l trade
Export of cars from Turkey to France down
Yerevan's foreign policy only possible if Armenia accepts it needs to make peace with Azerbaijan - Svante Cornell
Turkish Trade Ministry says export of domestic cars to China up
Georgia sees increase in price of medicines
Turkmenistan’s geographic location offers potential for country’s economy, says US Embassy in Turkmenistan
Azerbaijan Rabitabank’s net profit for 9M2020 revealed
National Bank of Georgia takes another steps to stabilize lari exchange rate
Procedure for calculating total amount of insurance premiums approved in Azerbaijan
Turkey's export of cars to US edge lower
Karabakh hostilities cause direct disruption to health care amid COVID-19 - WHO
Import of Turkish cars by Azerbaijan declines
Yerevan must withdraw troops, mercenaries and terrorists from Azerbaijan - Turkish Defense Minister
Azerbaijan reveals data on imports for 9M2020
Germany's nine-month import of cars from Turkey down
Apples emerging as export crop for second year in Georgia
Azerbaijan reveals 9M2020 trade turnover volumes with major partners
Nagif Hamzayev: Azerbaijan writes new pages in the world military history
Turkey's 9M2020 export of jewelry to Ukraine doubles
Azerbaijani artillerymen continue to make precise strikes at firing points of Armenian armed forces (VIDEO)
Tender: Khazar Consortium to buy materials for smooth operation of oil field facilities
Int'l organizations miscalculate military arsenal of Armenia - MP
Turkmengas opens tender for purchase of equipment
Uzbekistan’s 9M2020 export volume of fruits, vegetables revealed
MagtiCom leads with highest ARPU rate in Georgia
New apartments inagurated in Iran
Azerbaijan's overall exports for 9M2020 unveiled
Kazakhstan to increase electric vehicles manufacturing by 2022
CO2 emissions prevented in Kazakhstan as renewable energy projects launched
Revenues of mobile operators in Georgia down
Uzbekneftegaz launches condensate stabilization unit at Uzbek oil field
Azerbaijani Embassy in Russia clarifying issue on prohibiting Azerbaijani citizens to use Pobeda Airlines' services
Uzbekistan launches mineral-based engine oil production
Trend News Agency's editor-in-chief tells CNN Turk about ongoing tension in Karabakh (PHOTO/VIDEO)
Russia almost halves jewelry imports from Turkey
Azerbaijan’s AzerGold taking measures on legal assessment of illegal mining in occupied territories
Azerbaijan starts reconstructing roads leading to liberated villages of Tartar (PHOTOS)
Georgian Caucasus Auto Import adds new export markets
USAID promotes warehouse digitization of Turkmen logistics company
Uzbekistan eyes to increase cars export by 4Q2020
Uzbekistan’s private business actively involved in agriculture digitalization
Sanctions must be imposed on Armenia, says Lebanese legal expert
Attacking civilians unacceptable, Israeli ambassador says
Armenia opens additional flights to transfer volunteers to Karabakh (PHOTO)
Number of people infected with COVID-19 pandemic in Iran exceeds 550,000
Azerbaijan's president says Armenia receiving external help, including mercenaries, weaponry
Your statements every evening about how many villages, cities have been liberated from occupation bring joy to people all over Turkey - Turkish Chief Ombudsman
Azerbaijan confirms 171 more COVID-19 recoveries
Turkmenistan's import of Turkish jewelry surges
Value of Azerbaijan's goods export by road edges down
Those unwilling to fight in Armenia buy positive coronavirus test at $1,000-2,000
There is not single surviving building in liberated cities, in these villages, in most of them - Azerbaijani president
Media of many countries unilaterally side with Armenia - President Aliyev
All news