×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Sunday
07
Dec 2025
weather symbol
Athens 14°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Southern Gas Corridor is a living example of multilateral cooperation in the EU’s East

The Trans-Adriatic Pipeline (TAP), a major component of SGC, is one of the greatest direct foreign investment projects carried out in Greece

Newsroom November 29 02:48

The multi-billion euro Southern Gas Corridor should not be seen as a mere energy security project; it is a robust interconnectivity initiative which will bring closer other partners in Central Asia seeking access to the EU market, writes the Embassy of Azerbaijan to the EU.

Failing to provide any evidence on the alleged environmental hazards of this project and its disadvantages to the European community, the article by CEE Bankwatch tends to blend rumours with unfounded accusations with the sole aim of discrediting Azerbaijan at any opportunity.

It should be emphasized that the strategic role of Azerbaijan in enabling and contributing to the energy security of Europe has been widely recognized and hailed by the EU as a result of tangible efforts made by Azerbaijan, through building new interconnections and pipelines starting from the 1990s. For Europe Baku-Tbilisi-Ceyhan and Baku-Tbilisi-Erzurum heralded alternative volumes from alternative sources, the concept which was developed and put in place by deceased President Heydar Aliyev.

Currently, Azerbaijan supplies 5% of the EU’s gas demand. A multi-billion euro Southern Gas Corridor should not be seen as a mere energy security project; it is a robust interconnectivity initiative which will bring closer other partners in Central Asia seeking access to the EU market.

SGC is a living example of multilateral cooperation in the Eastern Partnership involving dynamic interaction among its stakeholders, particularly two EU member states, two candidate countries, one associate partner and Azerbaijan for the realization of the project.

SGC is further delivering on Eastern Partnership goals, by strengthening state, economic and societal resilience through creating thousands of jobs in EU and other countries. The Trans-Adriatic Pipeline (TAP), a major component of SGC, is one of the greatest direct foreign investment projects carried out in Greece. For Greece, it means an investment of over €1.5 billion and 8,000 jobs.

The Trans-Adriatic Pipeline has developed an environmental, cultural and social heritage management system to support the implementation of project standards presented in Environmental and Social Impact Assessments approved by host country governments. In order to achieve protection and preservation of the natural environment, TAP and its contractors have completed extensive multi-disciplinary pre-construction studies involving environmental, social and cultural heritage. Moreover, every olive tree in the Italian section is surveyed accurately and carefully removed to a temporary storage area in order to be replanted once the pipeline layoff is finished. TAP will also help provide a better energy supply mix for consumers in the Balkans and south-eastern Europe as well as achieve significant CO2 reductions through the substitution of obsolete coal-fired power plants.

>Related articles

Mitsotakis: “Farmers will receive every euro they are entitled to — Solutions come through dialogue, not roadblocks”

Papastavrou: The ministerial meeting of the Greece, Cyprus, Israel and the USA group in Washington in April

European Commission handbook depicts the East Aegean islands and the Dodecanese as Turkish

The EU, as well as project stakeholders, are bearing full witness to the SGC’s benefits and therefore they are committed to creating an enabling environment in order to make it fully operational. The EBRD’s lending decision is a right step towards materializing the EU’s pragmatic approach to the project.

By the Embassy of Azerbaijan

Source: euractiv.com

Ask me anything

Explore related questions

#Azerbaijan#Balkans#diplomacy#economy#energy#eu#europe#gas#greece#Natural Gas#oil#pipelines#politics
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Family confrontation – Andreas Psicharis sues his father’s widow for 19 works of art of immense value

December 7, 2025

The story of Greece’s trolleybuses: From the first routes to the the last

December 7, 2025

“We are really very close to a peace agreement for Ukraine,” says Trump’s special envoy

December 7, 2025

Dismantling of trolleybus cables begins in Piraeus — Watch the video

December 7, 2025

Armed police raid at Heathrow: Train services suspended, arrests and tear gas reported

December 7, 2025

Mitsotakis: “Farmers will receive every euro they are entitled to — Solutions come through dialogue, not roadblocks”

December 7, 2025

Improved weather today — where local showers are expected

December 7, 2025

The livestock farmer who tearfully bid farewell to his 450 sheep collapses; Hospitalized in Giannitsa with stroke symptoms

December 7, 2025
All News

> Greece

Family confrontation – Andreas Psicharis sues his father’s widow for 19 works of art of immense value

Three years after the death of Stavros Psicharis, his son Andreas claims the multi-million euro collection found in the publisher's house in Kolonaki with works by Picasso, Dalí, Delacroix, Munch and others, claiming that he bought it himself and handed it over to his father for safekeeping. His father's widow Christina Tsutsoura denies that it belongs to him and claims it was her husband's

December 7, 2025

The story of Greece’s trolleybuses: From the first routes to the the last

December 7, 2025

Dismantling of trolleybus cables begins in Piraeus — Watch the video

December 7, 2025

Improved weather today — where local showers are expected

December 7, 2025

The livestock farmer who tearfully bid farewell to his 450 sheep collapses; Hospitalized in Giannitsa with stroke symptoms

December 7, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα