Azerbaijan, Turkmenistan give green light to Southern Gas Corridor
BAKU – Azerbaijan and the European Union have signed a long-awaited deal that commits the Caspian country to supply Europe with ``substantial volumes of gas`` to implement the planned Southern Corridor of pipelines bypassing Russia.
The EU-Azerbaijan declaration was signed in Baku last Thursday by President Ilham Aliyev and European ommission President Jose Manuel Barroso.
A press release from the EU office in Baku said Barroso hailed the signing as a ``major breakthrough`` for the Southern Corridor, which includes the European-backed Nabucco project to reduce Europe`s dependence on Russian energy.
``This new supply route will enhance the energy security of European consumers and businesses,`` Barroso said.
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