Last year made a hint to the world that gas could soon become a global commodity, just like oil. Some believe that the energy market is in the period of transition now. Trade in LNG became easier and cheaper, large infrastructure projects and pipelines do not scare investors so much since there is a strong belief that the projects’ payback will be high as demand grows.

The Trans Adriatic Pipeline (TAP), which is a part of the larger Southern Gas Corridor (SGC) project, will become a welcome addition as it would signify diversification of suppliers for Europe, Dr. Katja Yafimava, a senior research fellow on the Oxford Institute for Energy Studies Natural Gas Research Programme, told Azernews.

The European Commission will allocate over 1.8 million euros for Azerbaijani gas supply projects, said a message on the Commission’s website.