Southern Gas Corridor in spotlight as EU struggles to discov...| MENAFN.COM

Friday, 03 February 2023 01:17 GMT

Southern Gas Corridor in spotlight as EU struggles to discover new gas suppliers


(MENAFN) The Southern Gas Corridor has come under scrutiny in the EU, with the bloc progressively looking for another gas resources to guarantee long-term provision security to deal with the energy crisis that started with the launch of the Russia-Ukraine Conflict.

The block in Russian provisions to Europe through the Nord Stream 1 and presently defunct Nord Stream 2 natural gas pipelines in reply to EU restrictions forced on Russia worsened the EU's energy bottleneck.

Growing volume via the Southern Gas Corridor, which ships gas resources from the Caspian Sea to European markets, is one of the high possibility opportunities for European countries to quicken liquefied natural gas (LNG) shipments to reach their vital natural gas requirements.

The Trans-Anatolian Natural Gas Pipeline (TANAP), recognized as the "backbone" of the Southern Gas Corridor and the entry for Azerbaijani gas to Turkey and Europe, transports 16 billion cubic meters (bcm) of gas yearly, 6 bcm of which is disturbance for Turkey as well as 10 bcm for Europe.

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