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EU ready to negotiate Iran's joining Southern Gas Corridor initiative

Source: Tehran Times

European Commission Vice-President for Energy Union Maros Sefcovic said EU is ready to discuss Iran's joining to the Southern Gas Corridor (SGC) with all partners of the project, IRNA reported on Thursday.

Southern Gas Corridor (SGC)

Sefcovic made the remarks in a press conference at the 4th Ministerial Meeting of the Southern Gas Corridor Advisory Council in Baku.

The official further noted that in order for Iranian gas to be delivered to Europe, necessary infrastructures should be provided in the country.

"Europe wants rich countries in natural resources to join the Southern Gas Corridor, within these meetings, negotiations have been conducted with Turkmenistan and Iran," he said.

The Southern Gas Corridor is an initiative of the European Commission for the natural gas supply from Caspian and Middle Eastern regions to Europe. The goals of the Southern Gas Corridor are to reduce Europe's dependency on Russian gas and add diverse sources of energy supply.

The route from Azerbaijan to Europe consist of the South Caucasus Pipeline, the Trans-Anatolian Pipeline, and the Trans-Adriatic Pipeline.

The total investment of this route is estimated $45 billion.

... Payvand News - 02/17/18 ... --

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