Iran to join SGC initiative


(MENAFN) European Commission Vice-President for Energy Union Maros Sefcovic stated that EU is ready to discuss Iran's joining to the Southern Gas Corridor (SGC) with all partners of the project, IRNA reported on Thursday.

These remarks were made in a press conference at the Ministerial Meeting of the Southern Gas Corridor Advisory Council in Baku.

The official further noted that in order for Iranian gas to be delivered to Europe, necessary infrastructures should be provided in the country.

"Europe wants rich countries in natural resources to join the Southern Gas Corridor, within these meetings, negotiations have been conducted with Turkmenistan and Iran," he said.

The Southern Gas Corridor is an initiative of the European Commission for the natural gas supply from Caspian and Middle Eastern regions to Europe. The goals of the Southern Gas Corridor are to minimize Europe's dependency on Russian gas and add diverse sources of energy supply.

The route, costs USD45 billion, which is from Azerbaijan to Europe consists of the South Caucasus Pipeline, the Trans-Anatolian Pipeline, and the Trans-Adriatic Pipeline.

MENAFN1702201800450000ID1096475673


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.