Baku declares its readiness to cooperate with Ashgabat on the issue of transportation of Turkmen gas to Europe through the Southern gas corridor

Azerbaijan is ready to cooperate with Turkmenistan on the issue of transportation of Turkmen gas along the Southern gas corridor (SGC), said the head of the Azerbaijani Ministry of energy Parviz Shahbazov. It is reported by INTERFAX-Azerbaijan.

"Turkmenistan shows interest in SGC, Azerbaijan, for its part, has already declared its readiness to cooperate with Ashgabat in this direction. We also have the technical capacity and political will to make such deliveries. So, if Turkmenistan decides to take concrete steps in this direction, it is quite possible, and we are ready for cooperation," Shahbazov said in an interview with the Azerbaijani TV channel CBC.

He also said that the SGC is a "large-scale gas infrastructure" aimed at further development of cooperation between the countries in the issue of gas supplies. According to the Minister, one of the examples of such cooperation will be the construction of a gas pipeline that will connect SGC with Bulgaria.

"We are talking about the Interconnector Greece-Bulgaria Pipeline (IGB), through which Azerbaijani gas is transported to Greece via the Southern gas corridor, will be sold on the Bulgarian market. The construction of this gas pipeline will begin in June. There is already an agreement on the supply of 1 billion cubic meters of Azerbaijani gas to Bulgaria annually, but IGB will have a higher capacity that can be used in the future," Shahbazov said.

President of Azerbaijan Ilham Aliyev on 29 of May, 2018 launched the Southern gas corridor, providing for the establishment of the infrastructure for Azerbaijani gas supplies to Europe.

The cost of the project is estimated at over $40 billion. Azerbaijan has already invested $9 billion in the SGC project.

The supply of Azerbaijani gas to Europe is expected in 2020 in the amount of 10 billion cubic meters. In addition, 6 billion cubic meters of Azerbaijani gas will be supplied to the Western regions of Turkey. Gas supplies to Turkey will begin in the second half of 2018.

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