North-South Gas Corridor Report Ends Istanbul Energy Summit

The Sixth Atlantic Council Energy and Economic Summit held in Istanbul has ended with discussion of a report on the North-South Gas Corridor. 



The report focuses on the impact of the North-South Gas Corridor, which is planned to deliver natural gas in Central and Eastern Europe, running from Poland in the north through the Czech Republic, Slovakia, and Croatia to the south.  



"The North-South Corridor would strengthen Europe's competitiveness and re-energize U.S.-European relations," said James L. Jones, the founding Chairman of Brent Scowcroft Center on International Security at the Atlantic Council.



The corridor is eventually to carry electricity and other types of energy as well. 



On the second and last day of the summit, Turkey's Deputy Prime Minister Ali Babacan also gave a speech about global economic recovery, focusing on Turkey's G20 presidency next year, fiscal reforms, and stimulating growth in slow-moving economies. 



During the two day summit, the U.S. Secretary of Energy Ernest Moniz, the Turkish Ministry of Energy and Natural Resources Taner Yildiz, several heads of state, energy and economy ministers were joined by around 300 leaders from the fields of business and academia. 



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