The Southern Gas Corridor (GSC) will enhance the role of Azerbaijan in supplying both the West as well as the East. This was confirmed by the country’s deputy Minister for Energy, Natig Abbasov, at the first conference of the International Association for Energy Economics (IAEE), which was held in Baku on August 29.
Despite the decline in oil prices, said the minister, Azerbaijan continues in its commitment to major transnational projects, thanks to its position straddling Asia and Europe. And the Southern Corridor is one of the key projects: "It is an energy security project," the Deputy Minister stated, "which will bring benefits for a period of years to all involved, from producers to transit countries, and consumers."
The Southern Gas Corridor, in particular, is one of the energy priorities for the European Union, with a capacity of 10 bcm of gas that from the Caspian Sea region that will reach Europe via Georgia and Turkey. The plan centers on the Shah Deniz field in Azerbaijan, considered one of the main plants for supplying the SGC.
"The Trans-Anatolian Natural Gas Pipeline (TANAP)," added the Minister, "which will go from the Turkish-Georgian border to the Greek-Turkish border, is a very important project in ensuring European energy security at regional level. The creation of an energy corridor," he concluded, "will be completed with the Trans-Adriatic Pipeline (TAP) that will run from the Greek-Turkish border to southern Italy."