The Southern Gas Corridor (SGC) will play an important role in diversification of Europe’s energy sources, US Deputy Assistant Secretary for Energy Diplomacy at US Department of State Robin Dunnigan said in Baku May 31.
Dunnigan made the remark while addressing a reception dedicated to the 24th International “Caspian Oil and Gas 2017” exhibition took place in Baku, Azertac reported.
An open dialogue is important for implementation of such a major project, which involves numerous countries and partners, according to her.
Dunnigan noted that during the meeting with Azerbaijani President Ilham Aliyev, the sides discussed the U.S.-Azerbaijan cooperation. She said the support of the U.S. for the SGC project was also voiced at the meeting. Dunnigan further added that the sides also stressed the mutual interest in cooperation in all areas.
The SGC is one of the biggest construction projects with a value of $40 billion which aims to improve the energy security of the EU and diversity its energy supply routes, and creates 30 thousands new jobs for host countries.
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.
Speaking at the ceremony, U.S. Ambassador to Azerbaijan, Robert Cekuta told about the importance of the exhibition. “The 25th anniversary of bilateral U.S.-Azerbaijan relations is also the 25th anniversary of Azerbaijan’s reemergence in the global arena,” said Cekuta.
The envoy further stressed that as the US president said in his letter to President Ilham Aliyev on the occasion of the Gas and Oil Exhibition, Azerbaijan is a valuable partner of the U.S. “Our countries work together for the prosperity of Azerbaijanis,” said Cekuta. “We are working together in combating terrorism.”
As President Donald Trump said earlier in his letter, the US strongly supports the parties in peaceful resolution of the Armenia-Azerbaijan Nagorno-Karabakh conflict, added the envoy.
UK Ambassador to Azerbaijan Carole Crofts, in turn, said that UK remains the biggest investor in the Azerbaijani economy.
Today, there are 400 British companies working in Azerbaijan in different spheres, she said, stressing that Azerbaijan remains to be a priority for UK in all sides from security to tourism.
Speaking of the Oil and Gas Exhibition opened today in Azerbaijan’s capital, Baku, she said it underlines the strong relations between the two countries.
The 24th International Caspian Oil & Gas Exhibition and Conference 2017, as well as the 7th Caspian International Power and Alternative Energy Exhibition kicked off May 31 at Baku Expo Center.
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