(MENAFN- Trend News Agency)
BAKU, Azerbaijan, March 12
Trend:
In fact, Azerbaijan has had already for the long time plan to
extend the Southern Gas Corridor because of several factors, said
Azerbaijan's energy minister Parviz Shahbazov addressing the energy
security panel at Antalya Diplomacy Forum, Trend reports.
“First of all, we have enormous offshore gas resources in
Azerbaijan. It is 2.6 trillion cubic meters of proven gas reserves.
It is enough for us and our partners in Turkey and in Europe to
provide with natural gas for the next hundred years. We have
infrastructure in place and we have now increased interest from the
consuming countries. If we bring all of them under the same roof
and discuss, we will come out with the decision to extend further
the Southern Gas Corridor. TANAP has a capacity till 31 billion
cubic meters per year, while TAP's capacity can be expanded to 20
billion cubic meters. I am not talking about long term
perspectives, it can be done in mid-term period,” said the
minister.
Shahbazov pointed out that gas is the commodity that cannot be
extracted and delivered overnight.
“We need to good planning for that. We've already established
dialogue with EU and other interested parties and Turkey and we
will work on it,” he explained.
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