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Southern Gas Corridor may be joined by new buyers, new exporters in future - SOCAR

Oil&Gas Materials 11 February 2021 14:02
Southern Gas Corridor may be joined by new buyers, new exporters in future - SOCAR

BAKU, Azerbaijan, Feb.11

By Leman Zeynalova – Trend:

Southern Gas Corridor may be joined by new buyers and new exporters in the future, Ibrahim Ahmadov, deputy head of the public relations and events department at Azerbaijan’s state oil company SOCAR told Trend.

“Southern Gas Corridor projects are among those of strategic interest for the EU. The gas pipelines with total length of 3,500 kilometers connect two continents and seven countries. New buyers and exporters may join the SGC in the future via additional interconnector. One of such pipelines running from Greece to Bulgaria is close to completion. It will increase the volume of gas exports to Bulgaria,” he said.

Ahmadov noted that COVID-19 and the economic recession caused by it didn’t hinder the completion of the Southern Gas Corridor in the scheduled time and first volumes of Azerbaijani gas were transported to Europe at the end of 2020.

“The Southern Gas Corridor is not only a project, but a reality, which has prospects for dynamic development. The Corridor’s capacity can be expanded, other sources and new buyers of gas may be connected to it. Undoubtedly, we are interested in transportation of both Azerbaijani gas and the resources of third countries to Europe, since SOCAR is a shareholder in all segments of the Southern Gas Corridor and will get revenues not only from the sale of Azerbaijani gas, but also from transportation of gas from other sources,” he concluded.

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Follow the author on Twitter: @Lyaman_Zeyn

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