Caspian region keeps the status of energy security for Europe

There was held a one-day international forum “Caspainenergyforum-2014” in Baku. Besides energy sector, the development of oil sector of Azerbaijan was also io the agenda. The Minister of Energy of Azerbaijan, N.Aliev said amidst the worlds’ energy consumption growth and the necessity to diversify their supply the Caspian region will become a secure source of fuel for Europe. According to him, there will be formed an energy corridor between the Caspian region and Europe, which starts in Azerbaijan and will go as far as to Italy. Over $50 billion of investments is necessary to develop and export gas from the deposit “Shahd Deniz” to Europe within the framework of stage-2.

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