Sefcovic says SGC makes Caspian gas supplies to Europe a reality
The Southern Gas Corridor made bringing of Caspian gas to Europe a reality, Vice-President of the European Commission for Energy Union Maros Sefcovic said at the 516th plenary session of the European Economic and Social Committee in Brussels.
The speech of Maros Sefcovic is published on the Eujropean Commission's official website.
Sefcovic stressed that the Southern Gas Corridor is one of the biggest construction projects of our time, aimed to bring Caspian, Central Asian and Middle Eastern gas resources to the European markets.
"For years bringing Caspian gas to European markets was merely a subject for discussions and debate. Today it is a reality with contracts in place for more than $10 billion and concrete construction work ongoing in Azerbaijan, Georgia and Turkey," Sefcovic said adding that the European Commission expects to start receiving this gas by 2020.
Today the Southern Gas Corridor is among the European Commission's priority energy projects, which aims at the diversification of the EU gas supply sources and routes.
The project envisages transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian Sea to Europe through Georgia and Turkey.
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