The tenth ministerial meeting of the Southern Gas Corridor Advisory Council and second ministerial meeting of the Green Energy Advisory Council took place in Baku, Azerbaijan on March 1.
High on the agenda was the expansion of the corridor; a crucial route of gas supply diversification for the EU and its neighbouring countries.President of Azerbaijan Ilham Aliyev told Euronews: “We started to build this partnership between countries, between companies, inviting, leading international financial institutions to support us with their financing.
And (the) 3,500km-long pipeline is now a reality.”Azerbaijan is a country with large oil and natural gas resources, last year increasing its gas exports by 9% taking it up to 22 billion cubic metres.
Currently, the main buyers in Europe include Italy, Greece, Romania, Hungary and Bulgaria and this list looks like it could be set to extend.“There are many, new, partner countries who are willing to receive even additional volumes of natural gas, despite the fact that we are transitioning away from fossil fuels.