Azerbaijan has told Europe to help itself to “significant volumes” of Azerbaijani natural gas, but Europe has not yet figured out how to carry those volumes home. After signing a key agreement in Baku on January 13, European officials said that the political side of Azerbaijan-to-Europe gas transit talks has moved forward, and that private companies should seize the opportunity.
President of European Commission Jose Manuel Barroso hailed the declaration signed with Azerbaijani President Ilham Aliyev as a “major breakthrough” in advancing plans to export gas to Europe from Azerbaijan -- a route that would bypass Russia. “This agreement confirms Europe’s direct access to gas from Caspian basin, thus realization of the Southern Corridor,” Barroso said in Baku.
The Southern Corridor mainly involves three pipeline projects: Turkey-Greece-Italy, Georgia-Ukraine-EU, Turkey-Austria or Nabucco pipelines.
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