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
- South Caucasus Pipeline (SCPX) – Azerbaijan, Georgia
- Trans Anatolian Pipeline (TANAP) – Turkey
- Trans Adriatic Pipeline (TAP) – Greece, Albania, Italy
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.