EU’s Se­f­covic: En­ergy co-op goes be­yond SGC

Azer News - - Business - By Trend

EU-Azer­bai­jan en­ergy co­op­er­a­tion goes be­yond the South­ern Gas Cor­ri­dor, Euro­pean Com­mis­sion Vice-Pres­i­dent for En­ergy Union Maros Se­f­covic told Trend.

“Azer­bai­jan is an im­por­tant en­ergy part­ner for the EU, cur­rently sup­ply­ing around 5 per­cent of the EU's oil de­mand and play­ing a piv­otal role in bring­ing Caspian gas re­sources to the EU mar­ket through the South­ern Gas Cor­ri­dor,” he said. “EU-Azer­bai­jan en­ergy co­op­er­a­tion does, how­ever, go be­yond the South­ern Gas Cor­ri­dor, for in­stance, in the area of re­new­ables and en­ergy ef­fi­ciency.”

Fur­ther, Se­f­covic pointed out that the En­ergy Union has its in­tra-EU di­men­sion, but at the same time, the En­ergy Union does not stop at the EU bor­ders.

“The EU's en­ergy se­cu­rity is closely linked with its neigh­bors and there­fore, co­op­er­a­tion is vi­tal,” he said. “In prac­tice, for in­stance, we are ex­pand­ing the EU en­ergy mar­ket – with its rules – into our neigh­bor­hood via the En­ergy Com­mu­nity but also the South­ern Mediter­ranean, en­sur­ing ef­fec­tive im­ple­men­ta­tion of the EU's en­ergy, en­vi­ron­ment and com­pe­ti­tion ac­quis, en­ergy mar­ket re­forms and in­cen­tiviz­ing in­vest­ments in the en­ergy sec­tor. The goal is closer in­te­gra­tion of the EU and En­ergy Com­mu­nity en­ergy mar­kets.”

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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