Azerbaijan Energy Minister Natiq Aliyev said May 7 that natural gas from the country's Southern Gas Corridor would be available to Greece, Italy and Bulgaria in 2020.
Three pipelines will be involved in this process: the Trans-Anatolian Natural Gas Pipeline (TANAP), the Trans-Adriatic Pipeline (TAP) and the South Caucasus Pipeline. During a meeting with the Energy Security Conference in Berlin, Aliyev said that a quarter of the required construction is complete.
"We are sure that this project will be successfully fulfilled and implemented," Aliyev said. "We are very encouraged to deliver 10 billion cubic meters of gas to Bulgaria, Greece and Italy in 2020."
Groundbreaking for the TANAP took place in March. Aliyev said the TANAP should be complete in 2019. Gas supplies to Turkey will be increased to 12.6 billion cubic meters once the TANAP is completed. Currently Azerbaijan supplies Turkey with 6 billion cubic meters.
- National Bank of Ukraine removes restrictions on foreign-currency transactions, investment metals
- Black Sea Trade & Development Bank visits Azerbaijan to boost business relationships
- VTB Bank finances three new planes for SunExpress airline
- National Bank of Ukraine makes it easier for businesses to invest abroad
- National Bank of Ukraine eases lending regulations for deposit guarantee funds to other banks
- Black Sea Trade and Development Bank, Russian Federal Corp. for SMEs support business growth
- Oleg Demidov named commercial director for Rosbank Factoring
- Eurasian Development Bank sells bonds on Kazakhstan Stock Exchange
- EY World Entrepreneur of the Year event to name world's top entrepreneur
- ACBA-CREDIT AGRICOLE, Microsoft parter for Armenian digital business technology seminar