TODAY.AZ / Business

Sefcovic says timely implementation of SGC important for EU

13 July 2017 [12:44] - TODAY.AZ

By Azernews


By Sara Israfilbayova

The timely implementation of the Southern Gas Corridor, as well as its extension over time to additional supply countries is important for Europe and Georgia, said Maros Sefcovic, the European Commission Vice-President for Energy Union.

Sefcovic made the remarks ahead of the official visit to Georgia to attend Batumi International Conference "Ensuring Regional Stability" which will focus on the European Agenda, particularly on energy security and diversification of energy markets.

“Georgia has a key transit role to play in the opening of the Southern Gas Corridor,” added Sefcovic.

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.

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 at the initial stage. 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.

The SGC may become a 'wide corridor' in the near future bringing more Caspian and Middle East gas to Europe. By connecting to key infrastructure in the region, such as the Ionian Adriatic Pipeline and the Western Balkans Ring, the route is planned to bring new gas supplies to South-Eastern Europe – Bulgaria, Albania, Bosnia and Herzegovina, Montenegro, Croatia – as well as in the future to countries in Central Europe: Switzerland and Austria.


URL: http://www.today.az/news/business/163133.html

Print version

Views: 1019

Connect with us. Get latest news and updates.

Recommend news to friend

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