Baku, September 24, AZERTAC 

SOCAR President Rovnag Abdullayev and Snam CEO Carlo Malacarne have signed a Memorandum of Understanding for cooperation on the evaluation of initiatives for the development of the Southern Gas Corridor as a new major route for gas flows to Europe, constituting the frame for further exchange of information and more in-depth assessments.

Prior to the signing ceremony they held a meeting during which they focused on the possible involvement of SOCAR and Snam in sharing their expertise and best practices in the construction and operation of facilities necessary for the transport of natural gas from Azerbaijan and other producing countries to the European markets through Italian infrastructures, with the aim of further strengthening diversification and security of gas supplies to Europe.