TODAY.AZ / Business

SOCAR: Azerbaijani gas to play important role in Europe’s natural gas demand

10 July 2017 [13:22] - TODAY.AZ

By Azernews

By Amina Nazarli

Azerbaijan’s state oil company SOCAR feels constant support of Turkey in such ongoing projects as Petkim, Star Refinery, Petlim and others, said Rovnag Abdullayev.

SOCAR President spoke of this  at the 22nd World Petroleum Congress in Istanbul on July 10.

He said that the Azerbaijani gas together with other sources will play an important role in meeting Europe’s demand for natural gas, which grew 7.1 percent.

He noted that the Southern Gas Corridor project will become profitable in the long-term period for the energy sector of Azerbaijan, Turkey and Europe.

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.

President Ilham Aliyev also arrived in Turkey for a working visit on July 9 to attend the Congress.  

The 22nd World Petroleum Congress, under the sponsorship of Turkish Petroleum runs from June 9 to June 13 at CNR EXPO with 20,000 participants, 5,000 decision-makers, and 50 ministers from over 100 countries. 

With the theme “Bridges to our Energy Future”, the Congress is addressing the changes in the industry within an unstable and uncertain world.  It will provide the platform for open dialogue to build bridges between consumers and producers, governments and industry, academia and financiers, as well as leaders and society.


Print version

Views: 1150

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: