Azerbaijan discloses date of next SGC Advisory Council meeting
The 6th meeting of the Advisory Council of the Southern Gas Corridor will be held on February 28, 2020 in Baku, the Azerbaijani Energy Ministry.
The first meeting of the SGC Advisory Council was held on February 12, 2015, the second meeting – on February 29, 2016, the third meeting – on February 23, 2017, the fourth meeting – on February 15, 2018 and the fifth meeting – on February 20, 2019.
The Southern Gas Corridor project aims to increase and diversify European energy supply by bringing gas resources from the Caspian Sea to markets in Europe.
The Southern Gas Corridor comprises the following four projects: (i) operation of Shah Deniz natural gas-condensate field (“SD1” project) and its full-field development (“SD2′” project), (ii) the operation of the South Caucasus Pipeline (“SCP” project) and its expansion (“SCPX” project), (iii) the construction of the Trans-Anatolian Natural Gas Pipeline (“TANAP” project) and (iv) the construction of the Trans Adriatic Pipeline (“TAP” project) (SD2, SCPX, TANAP and TAP collectively, the “Projects”).
The Projects have an estimated investment cost of approximately $40 billion. Upon completion, the SD2 project will add a further 16 bcm of natural gas per annum to 10.9 bcma (maximum production capacity) already produced under SD1 project.
Total length of the newly constructed SCPX, TANAP and TAP pipelines will be more than 3,200 kilometres.