Baku, Azerbaijan, Sept.11
Trend:
Pursuing multi-vector foreign and energy policies, Greece will become an energy hub, Greek Prime Minister Alexis Tsipras said at a press conference Sept.11, RIA Novosti reported.
He said the energy routes of the 21st century will go through Greece.
"To a large extent we have succeeded in this thanks to the Trans-Adriatic Pipeline (TAP)," he added.
As part of the Stage 2 of the Shah Deniz development, gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and constructing Trans-Anatolian Natural Gas Pipeline (TANAP) and TAP.
TAP's initial capacity will be 10 billion cubic meters of gas per year with the possibility of expanding it to 20 billion cubic meters.
TANAP project, worth $9.2 billion, envisages transportation of gas of Azerbaijan’s Shah Deniz field from Georgian-Turkish border to the western borders of Turkey.
Gas will be delivered to Turkey in 2018, and after completion of the Trans Adriatic Pipeline’s (TAP) construction, it will be delivered to Europe in early 2020.