USD 71.6797

0

EUR 87.3274

0

BRENT 72.59

0

AI-92 45.65

0

AI-95 49.47

0

AI-98 55.42

+0.01

Diesel 49.74

-0.01

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Southern Gas Corridor

Crossing seven countries and stretching across 3,500 km, the Southern Gas Corridor is one of the most complex gas value chains ever developed.

Southern Gas Corridor

The  European  Union’s  strategic  concept  of  the  Southern  Gas  Corridor as a gas supply route independent from transit states became  a  thing  of  the  past  when  the  Nabucco  project  was  abandoned  in  2012.  

The  Southern  Gas  Corridor  is  currently  a system of 3 complementary gas pipeline projects, each at a different stage of implementation, controlled by Azerbaijan and Turkey.

Involving over a dozen major energy companies, it is made up of several separate energy projects representing a total investment of approximately $40 billion:
  • the Shah Deniz 2 development – drilling wells and producing gas offshore in the Caspian Sea
  • expansion of the natural gas processing plant at the Sangachal Terminal on the Caspian Sea
  • expansion of the Italian gas transmission network
  • possibilities for further connection to the gas networks of South Eastern, Central and Western European countries
3 pipelines:
  • South Caucasus Pipeline (SCPX) – Azerbaijan, Georgia
  • Trans Anatolian Pipeline (TANAP) – Turkey
  • Trans Adriatic Pipeline (TAP) – Greece, Albania, Italy 
These projects allow above all the advancement of Azerbaijan’s vital interests, namely the launch of gas exports to  Turkey  and  the  EU.  Turkey  views  the  Southern  Gas  Corridor  as  one  of  the  projects  which  improve  its  energy  security  and which might help it become a gas hub.

The pipeline is also promoting the gasification of the Western Balkans, currently dependent on locally-sourced coal. This network of pipelines would ensure 20% of European Union’s demand.