ECONOMY
BP's Director for International Affairs: South Caucasus Pipeline is most advanced engineering project of modern times
Baku, December 18 (AZERTAC). “The project to develop the Azerbaijani gas condensate field of Shahdeniz is one of BP's most significant projects in Eurasia,” British Petroleum director for international affairs Greg Saunders said at an international conference organized by the Jamestown Foundation in Washington.
Saunders praised the Baku-Tbilisi-Erzurum gas pipeline (South Caucasus Pipeline) project as “the most advanced engineering project of modernity”. According to him, it would open a southern route for delivering Caspian gas to Europe.
Saunders also added that the Shahdeniz development project would help to strengthen energy security and strategic interests of the EU and the US in terms of a multiple forecasted increase in consumer demand for natural gas.
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