Sefcovic says SGC project running in very professional manner
By Trend
The Southern Gas Corridor project is running in very professional manner, European Commission Vice President for Energy Union Maros Sefcovic told New Europe.
He made the remarks during the press conference at TATRA Summit in Bratislava, Slovakia.
Sefcovic said that the competition is very tough but he is confident that the Caspian gas would reach Europe before 2020 via the Southern Gas Corridor.
“An enormous investment was made. The project is running in very professional manner and, of course, the business scale is clearly there and is based on the timely conclusion of the construction of the Southern Gas Corridor and there are already agreements of purchase signed. So I believe that before 2020 we will have the Caspian gas in the European Union,” Sefcovic said.
The Southern Gas Corridor is one of the priority energy projects for the EU. It envisages the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian region to the European countries through Georgia and Turkey.
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 project. Other sources can also join this project at a later stage.
As part of the Stage 2 of the Shah Deniz development, the gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of TANAP and TAP.
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