The project Southern Gas Corridor (SGC) can be joined by three more European countries, said President of Azerbaijan Ilham Aliyev.
“The total value of SGC is more than $ 40 billion. It involves seven countries, and at least three countries are planning to join it. We recently returned from Brussels where this important project was discussed with the President of the European Council and the European Commission,” said Aliyev at the «round table «» On the way to price stability: OPEC and the return of oil geopolitics «at the 53rd Munich Conference on Security.
According to him, SGC is the largest infrastructure project in Europe.
“This project creates a completely new regional cooperation between the countries of the region: Georgia, Azerbaijan, Turkey and EU countries: Greece, Bulgaria, Italy and possibly Albania,”| he said. Aliyev added that to meet the interests of all the players Format Consultative Advisory Council was established within SGC.
The President noted that the work on one of the main segments of SGC, the construction of Trans-Anatolian Gas Pipeline (TANAP), has been fulfilled at 65%. Another segment, the expansion of the South Caucasus Gas Pipeline (Baku-Tbilisi-Erzurum), has been performed at almost 80%, and the construction of the Trans Adriatic Pipeline (TAP) — at 34-35%.