Southern Gas Corridor to supply Azeri energy for 100 yrs.
Southern Gas Corridor project will supply gas to neighboring and European countries for 100 years: Azerbaijani president
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.
The Caspian Sea has been connected to the Mediterranean and the Black Sea for the first time and the country has initiated the Trans Anatolian Natural Gas Pipeline, TANAP, and the Trans Adriatic Pipeline, TAP.
"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 TANAP and the 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.
Reporting by Ruslan Rehimov, Writing by Zeynep Beyza Karabay