On April 4, Baku hosted the 11th Ministerial Meeting of the Southern Gas Corridor Advisory Council and the 3rd Ministerial Meeting of the Green Energy Advisory Council.One of the main topics on the agenda was the expansion of the Southern Gas Corridor.Speaking at the meeting, President of Azerbaijan Ilham Aliyev noted that Azerbaijan currently supplies natural gas to 12 countries — 10 of them in Europe, including 8 EU member states."The geography of our gas supply in Europe will definitely grow, because today we are already involved in the creation of gas distribution networks in some European countries. Some of them do not have one, some of them need to expand it, and Azerbaijan, as an investor, is planning to do that. So, the geography of our gas supplies will definitely grow through different ways, including interconnectorsOf course, we need to think about joint efforts in the expansion of the existing gas pipeline system. The Southern Gas Corridor is a tremendous success story for all of us. The 3,500-kilometer integrated pipeline system today is the main artery for energy security for many countries. And now it is working at full capacity. Whether it’s the South Caucasus Pipeline, TANAP, or TAP — three integral parts of the Southern Gas Corridor — all are fully packed. So we need to expand. And for that, we will need, of course, financing. And we come to a very important point, which we have raised on several occasions — that international financial institutions, those who decided to stop financing fossil fuel projects, will probably reconsider their policy, especially taking into account the huge geopolitical changes that we all witness. Because without that, any further investments in transportation infrastructure and even in upstream will be very problematic," President Ilham Aliyev said.https://en.trend.az/business/energy/4026864.html (ICE BAKU)

Fonte notizia: www.trend.az