Guenther Oettinger, European Commissioner for Energy dedicated his speech to the prospect of a speedy completion of the Southern Corridor
In terms of the significance of the development of this project, its progress was intensified in January due to the meeting between HE Ilham Aliyev, President of Azerbaijan, and Jose Barroso, President of the European Commission, who signed a declaration of joint co-operation. This document promotes the development of a successful economic model for macro-public relations that secures profit and energy security for Europe, factors which are doubly important after the recent events in Fukushima.
Europe already has gas supplies from Norway, Russia and Algeria, but Azerbaijan can now act as a contributor.
In the opinion of a high-ranking EU expert, our country is a key player a long-term partnership focused on the main energy corridors leading to Europe. Of course, the Southern Corridor requires large investment and its component members, for instance Nabucco, will have their say on the financial and economic support of the project. To develop and strengthen the relationship with Azerbaijan, Mr. Oettinger underlined, was a long-term goal of the European Union.