UK companies have an important role in continuing development of Azerbaijan hydrocarbon sector, says UK Prime Minister David Cameron’s message addressed to the participants of the 23rd International Caspian Oil and Gas Exhibition and the 6th Caspian International Power and Alternative Energy Exhibition.
The events kicked off in Baku on June 1.
Cameron congratulated Azerbaijani President Ilham Aliyev and the people of Azerbaijan on holding the spectactular exhibition. He expressed hope that the UK and Azerbaijan will continue to have strong bilateral relationship.
Cameron further said he was delighted to see the UK companies playing important role in the continuing development of Azerbaijan’s hydrocarbon sector.
He said Azerbaijani energy resources play vital role in the European and world economy and the energy security of Europe. The UK PM said the Southern Gas Corridor plays an important role in diversifying European energy markets.
Cameron’s message also said that the UK welcomed the role of Azerbaijan in developing the Southern Gas Corridor and the Trans Adriatic Pipeline.
The Southern Gas Corridor is one of the priority energy projects for the EU. It envisages the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian Sea region to the European countries through Georgia and Turkey.
At the initial stage, the gas to be produced as part of the Stage 2 of development of Azerbaijan’s Shah Deniz field is considered as the main source for the Southern Gas Corridor projects. Other sources can also connect to this project at a later stage.
As part of the Stage 2 of the Shah Deniz development, the gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of Trans-Anatolian Natural Gas Pipeline and Trans-Adriatic Pipeline.