SOCAR: Southern Gas Corridor is not a political project, it is strictly a commercial project

Baku: The Southern Gas Corridor is not at all a project aimed at our promotion. It is not a political project, it is strictly a commercial project, Vitaly Baylarbayov, deputy Vice President of SOCAR told EurActiv in an exclusive interview.

He said Azerbaijan is realising the project with our international partners: “You can see from this map, the respective companies are from Asia, from Europe, from the Western world and from the world that we call Oriental. There is also a Russian company, Lukoil, which is a shareholder in the Shah Deniz 2 gas field, there is an Iranian company, NICO, the British company BP, Petronas from Malaysia and (the) Turkish TPAO”.

Regarding European customers, Baylarbayov noted that basically all are major European companies: “Shell, Gaz de France, Gas Natural of Spain, the Italian companies ENEL and Hera – the geography is huge. Here advertising doesn’t work. What works are the principles of business. Nobody would take on a $45 billion project of pipelines and of offshore gas pumping at Shah Deniz 2 if they are not certain that the project is feasible, that it is realistic and that deadlines will be kept. The deadline is 2018 for the start of producing at Shah Deniz 2. In 2018, this gas will start flowing to Turkey, to Eskisehir. In the beginning of 2020, our customers in Greece, Bulgaria and Italy will start receiving gas originating from Shah Deniz”.

SOURCE: Azeri Press News Agency