Trend: EU: Southern Gas Corridor to strengthen relations with Azerbaijan

Implementation of the Southern Gas Corridor project will further strengthen EU cooperation with the countries of the Caspian Basin and in particular Azerbaijan, Energy Counsellor of the EU delegation to Azerbaijan Edyta Nowak said on Monday speaking at a conference entitled 'Caspian oil and gas week', held in Baku.

"The global energy map is changing at an unprecedented pace. Despite the increasing role of renewable and alternative sources of energy, oil and gas remain the dominant positions and that will remain such until 2035," she said.

According to her, market participants have to revise their energy strategy in response to the growing role of the United States, Australia and other relatively new suppliers and players.

According to the forecasts Europe's dependence on oil and gas imports will increase up to 2030, the Counsellor said.  MORE