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EGL Management Board member: TAP to be best project for Azerbaijani gas supply to Europe

Oil&Gas Materials 12 May 2010 14:32 (UTC +04:00)
Trans Adriatic Pipeline (TAP) from an economic point of view is the best project for the supply of Azerbaijani gas to the European markets, member of the Management Board at the Swiss EGL Markus Brokhof believes. Azerbaijan wants to sell its gas on more economically profitable conditions, and in this case, the TAP project is the best one” Brokhof said at the meeting in the Ministry of Industry and Energy in Baku.
EGL Management Board member: TAP to be best project for Azerbaijani gas supply to Europe

Azerbaijan, Baku, May 12 / Trend, E.Ismayilov /

Trans Adriatic Pipeline (TAP) from an economic point of view is the best project for the supply of Azerbaijani gas to the European markets, member of the Management Board at the Swiss EGL Markus Brokhof believes. Azerbaijan wants to sell its gas on more economically profitable conditions, and in this case, the TAP project is the best one" Brokhof said at the meeting in the Ministry of Industry and Energy in Baku.

According to members of the Swiss delegation, the final results of an agreement between Azerbaijan and Turkey on the gas issue will contribute in the next few months to clarify the situation with the transport of Azerbaijani gas to the European markets, in particular within the TAP project.

TAP, which is part of the Southern Corridor project, is designed to transport gas from the Caspian region and the Middle East to Europe. The pipeline will begin in Greece and pass through Albania and the Adriatic Sea to Italy. The length of the pipeline is 520 kilometres. The initial capacity of the pipeline is 10 billion cubic meters, maximum - 20 billion cubic meters a year. Norwegian Statoil and Swiss EGL are shareholders of the project.

According to Brokhof, by end of May the EGL Company plans to open representation in Baku and at present registration works are underway.

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