It is noted that with this long-awaited decision, it is confirmed that Europe will get 10 billion cubic metres (bcm) per year starting from end 2019: “All decisions taken so far - including to choose TAP as pipeline to bring gas to Europe - were conditional on this final investment decision.”
EU Commission President José Manuel Barroso said: “Today's decision by the Shah-Deniz-II-Consortium is a strategic door opener for stronger European energy security. Building on the Joint Declaration I signed with President Aliyev in January 2011, this important step will give the EU direct access to gas from the Caspian basin. This is a major milestone for the diversification of our energy supplies, to the benefit of European consumers and businesses.”
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