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08.06.2011 17:16

Richard Morningstar, the US Secretary of States Special Envoy for Eurasian Energy summarized the American perspective on the Southern Corridor

Mr. Morningstar voiced key policy provisions undertaken by Barack Obama, the US President, to support the Southern Corridor, currently the focus of the worlds attention.

The development of new projects envisages an increase in the role of new technologies and the development of the global society. International gas supplies must be representative of proactivity, independency and security in international business. Europe is an important strategic partner of the USA and therefore it is very important for our country, as Mr. Morningstar emphasized, to have a strong, self-sufficient and wealthy partner. This is why the United States aspires to help Azerbaijan and Central Asian countries find optimum routes for speedy diversification. Today it is extremely important to use the valuable resources of the Caspian region to maximum benefit and, therefore, the government of any interested country should make its contribution to the realization of transnational routes. The USA is ready to encourage positive initiatives in this area, including developments in sources of renewable energy.

The Administration of President Obama is ready to make its contribution to the development of a gas transportation strategy to transport gas to Europe from Shah Deniz field. The signing of new contracts in this area will encourage the investments necessary for this project. The pipeline must be self-supporting whilst adhering to global economic conditions and the energy security interests of all interested parties. Any initiatives with this regard will be accepted with an understanding and welcoming attitude.

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