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)