The Role of “Southern” Gas Corridor in Energy Security of Europe

Abstract: The article analyzed the role of the Southern Gas Corridor in Europe's energy security. Before talking about the current situation, the author has recalled the historical progress of the Azerbaijan’s energy policy and its cooperation with Europe’s energy policy since the signing of “Contract of the Century”. Then the paper justifies the importance of Southern Gas Corridor in the energy security of the Europe by highlighting the capacity, competitors and other comparables of the project. As a result of the research, the author has scientifically justified the role of diversification of the energy corridor in the economic security of Europe and the region, and made a number of scientifically sound proposals for the sustainability of energy security in Europe and the region.

Key words: energy security; oil strategy; economic security; energy strategy; sustainable economic development

JEL codes: Q400