The Southern Gas Community centre project has tactical importance for the electricity security of The european union, said Maros Sefcovic, European Commission rate vice-president for Energy Partnership, Feb. 23.

He was addressing the Southeast Gas Corridor (SGC) Advisory Council Third Ministerial Meeting around Baku.

Sefcovic said the progress in the Southern Propane Corridor’s construction was reached not only thanks to the massive effort and are employed all the countries through which this pipeline can be routing, but also as a result of good atmosphere designed around the negotiating stand regarding the project.

He in addition underlined the strategic significance about the Southern Fuel Corridor project for the particular EU’s plans to diversify vigor supplies and make sure that Europe will remain a receptive liquid market which will welcomes competition together with diversified supply of electricity.

The EU appreciates the opportunity have new connection to the very important Caspian bowl, to have such an essential partner as Azerbaijan during this effort, he increased.

“I would also persuade international financial institutions to review the ways how we may include European financial institutions during financing of this vitally important project,” this individual noted.

“I congratulate Azerbaijan’s Leader Ilham Aliyev on his successful visit to Brussels,In Sefcovic said. “Because I believe it just opened a new section in our relationship. Most people launched negotiations around the new comprehensive framework agreement, which, I feel, will bring Azerbaijan and the EU closer to each other in many aspects and in many areas.”

The Southern Gasoline Corridor envisages transportation regarding 10 billion cubic meters of Azerbaijani gas from the Caspian region to The european countries via Georgia in addition to Turkey.

The gas will probably be exported through expansion of the South Caucasus Pipe and the construction on the Trans Anatolian Natural Gas Pipeline along with the Trans Adriatic Pipeline.