The Southern Gas Corridor will contribute to regional energy security for the US allies in Europe and beyond, the US congressman Michael Turner wrote in his article in The Washington Times.
“The Southern Gas Corridor will contribute to regional energy security for our allies in Europe and Eurasia, and help to strengthen our strategic partnership,” he said.
The article said that many of the US allies are reliant upon natural gas supplies from a single nation or unstable regions. “Ensuring our allies have access to an alternative and reliable source of energy will help improve geopolitical stability in the region.”
The author said Azerbaijan continues to be an important partner with the United States in counter-terrorism efforts and initiatives to bolster energy security with strategic allies of the US.
“With its vast resources of oil and gas, Azerbaijan is a key component to help our strategic allies in NATO and other European countries diversify their energy resources,” Turner noted.
The Southern Gas Corridor will allow Europe to diversify its hydrocarbon supply sources and strengthen energy security and also will allow Azerbaijan to obtain a new market in Europe. Namely, the Azerbaijani gas is designed to open the Southern Gas Corridor.-0--
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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