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Gas Corridor Will Supply Energy for 100 Years

Gas Corridor Will Supply Energy for 100 Years Gas Corridor Will Supply Energy for 100 Years

The $45 billion Southern Gas Corridor project will be able to supply neighboring and European countries with energy for 100 years once completed, said Ilham Aliyev, president of Azerbaijan on Monday.

Aliyev attended the 48th annual meeting of the Board of Governors of the Asian Development Bank in Baku.

"Establishing energy security is directly linked with natural gas and we have assumed a leading role in this process" Aliyev said, World Bulletin reported.

The Caspian Sea has been connected to the Mediterranean and the Black Sea for the first time and the country has initiated TAP and TANAP, he said. Azerbaijan constructs pipelines because they are needed for the transportation of fuel as the country doesn't have access to the open sea, he said.

The Southern Gas Corridor is made up of three pipelines -- the South Caucasus Pipeline, the Trans Anatolian Natural Gas Pipeline, TANAP, and the Trans Adriatic Pipeline, TAP, along with an interconnector between Bulgaria and Greece. The corridor is to carry natural gas starting from Azerbaijan on the East near the Caspian Sea, to pass through Turkish territory to reach Greece, and then further on to Albania and Italy.

 

Financialtribune.com