ECONOMY
Turkish FM: South Corridor is set to establish peace and prosperity
Baku, September 26 (AZERTAC). “South Corridor is set to establish peace and prosperity,” Turkish Minister of Foreign Affairs Ahmet Davutoglu gave an overview about the importance of the Southern Corridor project at the Caspian Forum, organized by the Caspian Strategy Institute (HASEN) in New York.
He stated that aside from economically connecting several regions and countries, the project will contribute to political order in the region as a whole.
Speaking of earlier projects such as BTC, BTE, Davutoglu highlighted the fact that South Corridor will grow as the number of sources, including Turkmenistan and the Middle East.
"This project will affect the relations between producers and consumers in the global energy market and all the countries involved in this project will benefit from it," he said.
Davutoglu said The Trans Anatolian Natural Gas Pipeline Project (TANAP), which will bring natural gas from Azerbaijan through Turkey to Europe, will increase Turkey`s strategic importance.
Noting that Turkey is a ground for both energy transfer and energy consumption, he added, "It will also help decrease Turkey`s budget deficit stemming from energy."
The TANAP and Trans-Adriatic gas pipeline projects will also make major contributions to the international economy and political peace, he expressed.
The forum has brought together representatives of the European energy companies.