ASHGABAT, Turkmenistan, December 10. Romania
reaffirms its continued assist for the event of sources in
the Caspian area, being firmly dedicated to the progress and
enlargement of the Southern Gas Corridor in the direction of new markets within the
EU, a supply within the Ministry of Energy of Romania informed Trend.
According to the Ministry, the Caspian area is at present
enjoying an more and more necessary function in enhancing the safety of
fuel provide to Europe.
“This standing implies place of dependable associate in guaranteeing
vitality safety of Europe, confirmed, amongst different issues, by
efforts which have already been made relating to creation of recent
transport infrastructure to carry fuel to European markets,” the
It was emphasised that, by way of regional dimension, Romania
is a constant champion for rising hyperlinks and collaboration
between the EU and Caspian area international locations.
At the identical time, the Ministry said that Romania is an lively
supporter of the so-called Green Corridor mission, which was shaped
by regional companions comparable to Azerbaijan, Georgia, and Hungary to
make the most of the substantial potential of renewable vitality sources in
the Caspian Sea.
Meanwhile, the Southern Gas Corridor began transportation of
Azerbaijani fuel to Europe on December 31, 2020. It transports fuel
from the Caspian Sea area to European international locations by Georgia
The mission’s price totaled $33 billion, as in comparison with the
forecast $45 billion. Capital expenditures on the SGC mission are
anticipated to be totally reimbursed inside 8–10 years.
In July 2022, Azerbaijan and the EU agreed to extend the
quantity of fuel provides by way of the Southern Gas Corridor from the
present 10 bcm to twenty bcm by 2027.