More gas could be on the way for the EU through the Southern Gas Corridor
The tenth Southern Gas Corridor and second Green Energy Advisory Council Ministerial Meetings took place in Baku in Azerbaijan
Transcript
00:00 The 10th Southern Gas Corridor and 2nd Green Energy Advisory Council ministerial meetings
00:06 have taken place in Baku in Azerbaijan.
00:10 High on the agenda was the exploration of united goals to ensure long-term energy security,
00:16 diversification of supply, as well as a transition to green and renewable energy.
00:21 We do it not because we lack traditional resources, but because we want to contribute using the
00:29 financing, using the revenues which we get from oil and gas sales to invest in renewables
00:36 and to create a common understanding about the need for that.
00:42 The strategic energy partnership between Azerbaijan and the EU was also discussed, along with
00:48 the achievements and next steps in the operation and development of the Southern Gas Corridor.
00:55 Azerbaijan last year increased their gas exports by 9 percent, up to 22 billion cubic
01:00 meters.
01:01 Currently, their main buyers in Europe include Italy, Greece, Romania, Hungary and Bulgaria.
01:09 There are many new partner countries who are willing to receive even additional volumes
01:16 of natural gas, despite the fact that we are transitioning away from fossil fuels, but
01:23 this takes some decades.
01:25 Now we want to well establish also the future-proof cooperation.
01:30 And that collaboration across the industry is seen by many as a key to its further development
01:35 for the foreseeable future.
01:37 And--
01:38 (whooshing)