“We will double our efforts to diversify energy suppliers, sources and routes,” Cañete said.
“The recent South Stream saga can be both a lesson and an opportunity. From now on, we will focus on projects that expand our diversity of supply. The Southern Corridor project will be a top priority,” Cañete said.
The Southern Gas Corridor project envisages the transportation of gas from the Caspian region through Georgia and Turkey to Europe.
This large project aims at diversifying the routes and sources of energy supply that will enhance energy security of Europe. The Southern Gas Corridor project will ensure Caspian gas supply to the European markets for the first time in history.
At the initial stage, the gas to be produced as part of the second phase of development of Azerbaijani gas condensate Shah Deniz field is considered as the main source for the Southern Gas Corridor projects. At a later stage, other sources may join the project.
The gas to be produced as part of the Stage 2 of the field`s development will be exported to Turkey and to the European markets by means of expanding the South Caucasus Pipeline and construction of the Trans-Anatolian Gas Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP).
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