TODAY.AZ / Business

SGC remains priority project for EU

18 October 2016 [16:40] - TODAY.AZ

By Azernews


By Nigar Abbasova

The Southern Gas Corridor, a large-scale energy project aimed at improving the security and diversity of gas supply routes to Europe, still remains among the EU’s priority projects.

The policy of the union in regards to the SGC remains unchanged, the press service of the European Commission told Trend, further adding that the project is still considered to be a priority for the diversification of EU’s energy routes and the strategy of the European energy security

The source, however, refused to comment on the role and importance of the Turkish Stream for the European energy security.

The SGC project, which is taking shape rapidly, comprises several separate energy projects, including TANAP, South Caucasus Pipeline, Trans Adriatic Pipeline, and Shah Deniz development. The route envisages the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian region to the European countries through Georgia and Turkey.

The project plays a crucial role for energy policies of the European Union (EU), Turkey and Western Balkans. The route, which will provide a further source of gas for decades to come, is considered to be one of the most complex and important gas chains ever developed in the world.

Mending of ties between Russia and Turkey strengthened expectations about the implementation of the Turkish Stream project. The recently signed inter-governmental agreement between the countries became an additional signal that the project could be brought into force.  Turkish Stream envisages supplies of the Russian gas under the Black Sea (bypassing Ukraine) to Turkey and further to Europe.

EC’s Vice President for Energy Union Morosh Shefchovych earlier said the European Commission has not yet totally refused the possibility of getting supplies from the Turkish Stream, mentioning that the issue needs to be analyzed and much will depend on the level of gas demand and commercial reasonability.

URL: http://www.today.az/news/business/155221.html

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