The Vertical Corridor gas pipeline project, which will connect Greece, Bulgaria and Romania, will have a capacity of 3-5 billion cub.m. of gas and gas will be exported from various sources, RIA Novosti quoted the Greek Ministry of Environment, Energy and Climate Change as saying.
On December 9, 2014 Greek Energy Minister Yannis Maniatis, his Romanian colleague Razvan Nikolesku and Deputy Energy Minister of Bulgaria Anton Pavlov signed a joint statement about the “Vertical Corridor” connecting their countries and based on the gas deliveries from the Southern Gas Corridor.
The Vertical Corridor is the new route for natural gas, which connects the national networks of three countries through the connecting pipelines, via which gas will be delivered from Greece to Bulgaria and Romania and then, possibly to other countries of Central and Eastern Europe. 3-5 billion cub.m. of gas a year will be delivered from various sources, including from the Greek network through the liquefied natural gas plant in Revetus, from the trans-Adriatic gas pipeline (TAP), which will pass through the north of Greece, and from the floating re-gasification LNG station on the north of Greece, reported the Greek Energy Ministry.
As a part of the Shah Deniz Phase 2 project since 2020 Azerbaijan will deliver 10 billion cub.m. of gas to the European consumers via TAP, of which 8 billion cub.m. to Italy and 1 billion cub.m. to Greece and Bulgaria each. However, two years late Azerbaijan will begin expansion of the Southern Gas Corridor and the volume of export to Europe must increase up to about 8 billion cub.m. Part of this volume could be exported via the Vertical Corridor.
