The Southern gas corridor will help to cover Europe's increasing demand for gas, due to the EU's own gas production is declining. This was stated by European Commissioner for climate change and energy Miguel Arias Canete, speaking at the plenary session of the European Parliament in Strasbourg, TASS reports.
He also noted that the European Union's dependence on gas imports would increase to 83 percent by 2040, from about 70 percent today.
"Gas remains a significant source of energy for the European Union. Europe is increasingly dependent on gas imports. Now the EU imports 70 percent of the consumed gas, " he said.
At the same time, the European Commissioner noted that "Europe's own gas production is declining." "Our dependence on gas imports is expected to continue to grow and reach levels above 83 percent by 2040", he admitted.
It should be noted that the Southern gas corridor is one of the priority projects for the EU and provides for the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian region through Georgia and Turkey to Europe.
At the initial stage, the gas produced within the second phase of development of the Azerbaijani gas condensate field Shah Deniz is considered as the main source for the projects of the southern gas corridor. Other sources may be connected to the project at a later stage. Gas in the second stage of the field development will be exported to Turkey and European markets through the expansion of the South Caucasus gas pipeline and the construction of Trans-Anatolian and Trans-Adriatic pipelines.