Turkey, Azerbaijan to increase energy cooperation

Azerbaijan and Turkey should strengthen cooperation in the energy sphere, as under the conditions of increasing demand for natural resources in Europe, the significance of this partnership will only rise, Turkish Minister for Energy and Natural Resources Taner Yildiz said speaking at the Caspian Forum in Istanbul on Dec.5.

With the implementation of Trans-Anatolian pipeline (TANAP) and Trans-Adriatic pipeline (TAP) projects, a very serious chain is being created for natural gas supply from the Caspian basin to Europe,” Yildiz said.

“Currently, the natural gas consumption in Europe amounts to 500-520 billion cubic meters and this figure is expected to hit 700 billion cubic meters by 2030,: he said. “This increases the importance of the Southern Gas Corridor to which Turkmenistan, Iran and Iraq can make contributions to,” the minister said.

Check Also

Rebuilding The World Order – Analysis

Many in the West believe China’s economic ascendancy indicates that Beijing is covertly working to …