is vital for the EU as it is projected for inclusion in the Southern Gas Corridor (SGC), whose US/EU-led promoters intend to supply natural gas from the Caspian region and the rest of the Greater Middle East (GME) to Europe via Turkey and Bulgaria.
Norrie, who is now chair man of the SCGP, said: "The plots cost PS20 a year and you can grow what you want."
Marion Bate, co-ordinator of SCGP, said: "We have had young people who have been in long-term unemployment involved.
Planners in Baku hope the SCGP
will eventually be able to export up to 50 BCM/year of natural gas (see gmt2AzerProd-Jul10-06).
The SCGP has been used in Mexico since 1997 and has grown more than 200 percent over the last 5 years to almost US$400 million in coverage in 2003.
Based on general knowledge of the market and banking system, interviews with bankers in Mexico and suppliers using the program, these are the factors that have contributed to the growth of SCGP and the decrease of use of GSM-102.
Statoil, which has bought Norsk Hydro and now is known as StatoilHydro, is a co-leader of the Shah Denis group whose offshore field sources the 6.6 BCM/y Southern Caucasus Gas Pipeline (SCGP
) which has been supplying Turkey since early 2007.
Statoil is a co-leader of the Shah Denis group whose offshore field will source the 6.6 BCM/y Southern Caucasus Gas Pipeline (SCGP
) which will be on stream to supply Turkey from next September.