Turkey Ready To Cooperate In Energy Supply in Region, Europe: Official

Turkish Energy and Natural Resources Minister, Fatih Donmez said that Turkey is ready to cooperate with Azerbaijan and other countries in the region to enable the maximum benefit from the Trans-Anatolian Natural Gas Pipeline (TANAP), a gas project aimed at bringing gas to Turkey and to Europe.

Donmez made the remarks at the 8th Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory Council in Baku, Azerbaijan’s capital city.

Donmez said high-level participation in the event showed the determination of the countries in the region to cooperate more in SGC, a route that brings supplies from the Caspian Sea to Europe and has been operational since 2020.

The European Union’s energy commissioner, and other delegations from US, UK had attended the SGC meeting that was chaired by Azerbaijani President Ilham Aliyev.

According to Donmez, the COVID-19 pandemic has caused an economic recession and the energy sector was also affected significantly, noting that a rapid recovery process started after the 4% decrease in global energy demand in 2020.

“TANAP has a maximum capacity of 31 billion cubic meters (bcm). We support initiatives to invest to use this whole capacity,” Donmez added.

Meanwhile, a joint press statement by Minister of Energy of the Republic of Azerbaijan Parviz Shahbazov and European Commissioner for Energy, Kadri Simon, said the participants reaffirmed the strategic energy partnership between the Republic of Azerbaijan and the European Union based on shared goals of long-term energy security, security of supply and the green energy transition, “

We welcome the successful outcome of the full scale first operational year of the Southern Gas Corridor and its contribution to the provision of reliable, competitive and affordable energy supplies from the Republic of Azerbaijan to markets in Georgia, Turkey and Europe,” the statement added.

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