Economy

European Commissioner: Southern Gas Corridor will play major role in terms of diversification of sources in Europe

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The Southern Gas Corridor will play a major role in terms of diversification of sources in Europe, said European Commissioner for Climate Action and Energy Miguel Arias Canete.

“Gas remains a significant source of energy for the EU,” he said.

“Our dependence on gas imports is expected to continue to increase and reach over 83 percent by 2040,” he added.

The Southern Gas Corridor is one of the priority projects for the EU and provides for the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian region through Georgia and Turkey to Europe.

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 Shah Deniz Stage 2, 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 (TANAP) and Trans Adriatic Pipeline (TAP).

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