The $45 billion Southern Fuel Hall undertaking will have the ability to provide neighboring and European international locations with vitality for 100 years as soon as accomplished, mentioned Ilham Aliyev, president of Azerbaijan on Monday.
Aliyev attended the 48th annual assembly of the Board of Governors of the Asian Improvement Financial institution in Baku.
“Establishing vitality safety is instantly linked with pure fuel and we’ve got assumed a number one position on this course of” Aliyev mentioned.
The Caspian Sea has been related to the Mediterranean and the Black Sea for the primary time and the nation has initiated TAP and TANAP, he mentioned.
Azerbaijan constructs pipelines as a result of they’re wanted for the transportation of gasoline because the nation does not have entry to the open sea, he mentioned.
The Southern Fuel Hall is made up of three pipelines — the South Caucasus Pipeline, the Trans Anatolian Pure Fuel Pipeline, TANAP, and the Trans Adriatic Pipeline, TAP, together with an interconnector between Bulgaria and Greece. The hall is to hold pure fuel ranging from Azerbaijan on the East close to the Caspian Sea, to go by means of Turkish territory to achieve Greece, after which additional on to Albania and Italy.