One of its goals in the energy field US sees in "providing aid to provoke competition and prevent monopolies" for energy carriers deliveries, US Secretary of State Hilary Clinton said last week in her lecture "Energy Diplomacy in 21st Century" in Georgetown University.
"Look what is happening in Europe. For decades many European countries have been receiving gas mainly from Russia," Clinton said.
Now the situation has changed, mainly because of growth of production in the USA, she added. "There is also gas in the Caspian Sea and Middle Asia. They would like to sell it and Europe would like to buy it. However, we need to build pipelines for that," US Secretary of State added.
"This is the goal of the South Corridor project, which envisages construction of the pipelines via Europe," Clinton said. He added that US has been working with all partners of the project to ensure its successful implementation.
The South Corridor project envisages laying of the gas pipelines from the Caspian Sea and Middle Asia to Europe bypassing Russia.
US Secretary of State said that US helps to implement the project, because it "wants to see these countries growing stronger and also because monopoly in the energy field creates risks."
"Everywhere in the world, if one country is dependent on the other one in the energy field, this is fraught with undermining its political and economic independence. This also makes the country vulnerable to challenge and use of force," Clinton said.
She said that "NATO has determined energy safety as the key issue of safety of our time," reported RBC.-0-
Economics
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review