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Caspian Oil & Gas Conference - Azerbaijan's position in SGC crucial, expert says

Azerbaijan's position in SGC crucial, expert says
27.02.2017

The implementation of the Southern Gas Corridor project will increase Azerbaijan’s regional position, Cyril Widdershoven, a Middle East geopolitical specialist and energy analyst, a partner at Dutch risk consultancy VEROCY and SVP MEA-Risk, told Trend Feb.24.

Noting that the impact of the Southern Gas Corridor will be very positive, the expert said that without getting into place new routes such as the Southern Gas Corridor, European Union’s energy security policy is a fallacy.

Additional supplies by Azerbaijan will contribute to increasing the energy security of the EU, said Widdershoven, adding that the country could be a major door to additional supplies from the Caspian Sea region.

“Azerbaijan's position is crucial. Without the continuing support and supply coming from Azerbaijan, especially from the start, the project is not feasible,” he said.

The Southern Gas Corridor project will increase options of further supplies from the region, according to the expert.

He pointed out that the project will also strengthen Azerbaijan’s regional position, as it will be a gateway, and hard-needed center of stability to bring more economic growth and geopolitical stability to the region.

Talking about the impact of the implementation of the Southern Gas Corridor project to the future cooperation between Azerbaijan and the EU, Widdershoven said that for sure, Brussels will be very interested to further increase its overall cooperation with Azerbaijan, economically, politically and geostrategically.

On Feb. 23, Baku hosted the Southern Gas Corridor Advisory Council Third Ministerial Meeting.

The Southern Gas Corridor is one of the priority energy projects for the EU. It envisages the transportation of gas from the Caspian region to the European countries through Georgia and Turkey.

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 Stage 2 of the Shah Deniz development, 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 and Trans Adriatic Pipeline.


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