Turkey-Azerbaijan pipeline fuels gas alternative - VIDEO

12:19 | 23.09.2014
Turkey-Azerbaijan pipeline fuels gas alternative - VIDEO

Turkey-Azerbaijan pipeline fuels gas alternative - VIDEO

Turkey and Azerbaijan have begun to work on an oil pipeline project which, it is claimed, will have a big impact on global energy markets. Construction has begun on the South Caucasus Pipeline (SCP), which is the first phase of the Southern Gas Corridor. The pipeline will connect to the Trans Anatolia Natural Gas Pipeline (TANAP) via Georgia and eventually reach Europe.

Energy Minister Taner Yildiz said: “We will start the process in Turkey during March 2015. This is a project which became a peace agreement and TANAP will also have technical, political and geographical importance.’‘Over the years EU/Turkey energy relations have focused on natural gas. TANAP is geopolitically significant as it secures Turkey’s gas supply and provides Europe with an alternative to Russian gas.Azerbaijan“s President, Ilham Aliyev, is positive about the scheme: “This project will have a good impact on Azerbaijan. We will be able to sell our gas to European and world markets. That is also good opportunity for Europeans. They will have a new supplier. This is definitely the project of this century.’‘The first phase of the 45 billion dollar Southern Gas Corridor is expected to begin operating by 2018, with a capacity of 16 billion cubic meters, rising to 31 billion cubic meters per year by 2026.(euronews.com)Bakudaily.Az

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