Energy

Southern Gas Corridor: Vice-President Šefčovič attended Ministerial Meeting in Baku

Southern Gas Corridor: Vice-President Šefčovič attended Ministerial Meeting in Baku

Friday, 13 February 2015

The European Commission Vice-President for the Energy Union Maroš Šefčovič attended the first founding meeting of the Advisory Council on the Southern Gas Corridor on 12 February in Baku, Azerbaijan. Setting up an Advisory Council is a joint initiative of the European Commission and Azerbaijan, agreed by Vice-President Šefčovič and the Azeri President Aliyev in Baku in November 2014. The aim of the Council is to steer the implementation of the project at political level in order to have the Southern Gas Corridor operational by 2019-2020. In line with the European Energy Security Strategy, the Southern Gas Corridor remains key for the common objective of diversification of sources and suppliers. Initially, approximately 10 billion cubic meters of gas will flow along this route when it opens in 2019-2020. Given the potential supplies from the Caspian Region, the Middle East, and the East Mediterranean, however, the EU aims to increase this volume in the long-term.

Joint Statement of the Southern Gas Corridor advisory Council