8th meeting of SGC Advisory Council to be held in early February

The eighth meeting of the Southern Gas Corridor Advisory Council will take place on February 4 in Baku, Report informs.

The meeting will be held in person.

As in previous years, all companies participating in the Southern Gas Corridor are expected to participate, including SOCAR, BP, TPAO and others, as well as representatives of countries such as Turkey, Georgia, Bulgaria, Italy, the UK, the US, Greece and Albania.

Among potential participants are Romania, Croatia, Montenegro, Hungary, Bosnia and Herzegovina, North Macedonia. The arrival of representatives from other countries is not excluded.

The traditional participants in the meeting are representatives of the European Commission and international financial institutions.

On February 11 last year, the 7th ministerial meeting was held within the Southern Gas Corridor Advisory Council in the format of a video conference. Last year, 18 countries, 19 companies and 5 leading international financial institutions took part in it. For the first time in 2021, Serbia and Turkmenistan joined the event.

The SGC, which includes the development of the Shah Deniz field and a gas pipeline chain originating in Azerbaijan and stretching to southern Italy, was created with the aim of diversifying natural gas supplies to the EU and reducing the number of EU countries with a single source of supply. The last European section of the SGC, the Trans Adriatic Pipeline (TAP), which began commercial deliveries on December 31, 2020, has allowed the supply of Caspian gas to Greece, Bulgaria and southern Italy.