By Amina Nazarli
The Southern Gas Corridor, designed to bring Caspian gas to Europe, will serve millions of consumers, said Natig Aliyev at the 20th Eurasian Economic Summit held in Istanbul.
Azerbaijan’s Energy Minister noted that the Corridor will meet the demand of Georgia, Turkey, Greece, Bulgaria, Albania, Italy and other countries, the Turkish media reported on April 5.
Aliyev noted that the construction of the Trans-Anatolian Natural Gas Pipeline (TANAP) and Trans Adriatic Pipeline (TAP), core projects within the SGC, continues at an accelerated pace.
The minister further stressed that Azerbaijan provides a major part of its energy consumption at the expense of its sources, adding that over the past 20 years, Baku cooperated with 3,000 foreign companies.
Azerbaijan is ready to implement large-scale projects, added Aliyev, further elaborating that the SGC will make a huge contribution to the diversification and development of energy cooperation.
The Southern Gas Corridor is one of the priority energy projects for the EU. It envisages the transportation of 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 projects. Other sources can also connect to 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 Trans Anatolian Natural Gas Pipeline and Trans Adriatic Pipeline.