TAP to bring Caspian gas to SEE region in cost-effective and technically reliable way

TAP to bring Caspian gas to SEE region in cost-effective and technically reliable way

Azerbaijan, Baku, Oct. 27 /Trend, A.Badalova/

The Trans Adriatic Pipeline (TAP) is the only pipeline which can fulfil the South Eastern Europe's wish to get Caspian gas in a cost-effective and technically reliable way, Kjetil Tungland, TAP Managing Director said at the conference in Brussels.

The Trans Adriatic Pipeline hosted the first South Eastern Europe Gas Forum in Brussels, focussing on the potential growth and demand for gas in the region, TAP reported.

"Many countries in South Eastern Europe are keen to secure supplies of gas in to the region from the Shah Deniz Phase II development and other potential Caspian sources. TAP is the only pipeline which can fulfil this vision in a cost-effective, technically reliable and commercial way," Tungland said opening the conference.

Once TAP is realised, then the connections to the South Eastern European markets - through the Ionian Adriatic Pipeline and other systems - can be implemented quickly, he said.

The Trans Adriatic Pipeline is a natural gas pipeline project. The pipeline will transport gas from the Caspian region via Greece and Albania and across the Adriatic Sea to southern Italy and further into Western Europe. The project is aimed at enhancing security of supply as well as diversification of gas supplies for the European markets. The total length of the pipeline is about 800 kilometers. The initial pipeline capacity will be 10 billion cubic meters per year. TAP's shareholders are EGL of Switzerland (42.5%), Norway's Statoil (42.5%) and E.ON Ruhrgas of Germany (15%).

The gas produced within the second phase of the Azerbaijani Shah Deniz Field is considered to be the main gas source for TAP project.

Early in October TAP along with the other pipeline projects submitted a comprehensive transportation proposal to the Shah Deniz 2 consortium, which will make its decision on preferred transportation route by the end of this year.

"Connecting South Eastern Europe to Caspian gas supplies will diversify the region's energy sources and contribute to the creation of a truly pan-European gas market," Tungland said.

Iran reveals COVID-19 data for November 24
Iran reveals COVID-19 data for November 24
Iran registers order at COVAX to buy vaccine
Iran registers order at COVAX to buy vaccine
Iranian tourists reduce visits to Turkey amid COVID-19 pandemic
Iranian tourists reduce visits to Turkey amid COVID-19 pandemic
Loading Bars
Latest
Kazakhstan’s third-quarter economic performance benefits from recovery of oil prices
Azerbaijan informs UNESCO, ISESCO about results of initial monitorings on liberated areas
Turkmenistan’s private sector participates in dev't of poultry farming
Iran discloses plan on creation of new jobs in Yazd Province
Destroyed Armenian positions firing at Azerbaijani army during recent hostilities shown (PHOTOS)
Central Bank of Azerbaijan discloses data from foreign exchange auction
CBI announces Iran's external debt
Azerbaijan starts to grow bananas - Azerbaijani Ministry of Agriculture
Azerbaijani servicemen help Armenians to move belongings from villages of Aghdam district (VIDEO)
PAYSIS expanding range of innovative services in Azerbaijan
Iran reveals COVID-19 data for November 24
E-Space reveals volume of EVs registered in Georgia
Azerbaijan discloses volume of tobacco harvested this season
Russian insurance agency to fund Uzbekistan’s hydrocarbon raw materials production
Iran to boost apple production
Georgia reveals volume of exported apples
Income of Chinese contractor of infrastructural projects in Georgia up
We were able to get necessary international support in key issue for us - President Aliyev
LUKOIL says $40/bbl is worst case scenario for oil prices
If we had not created necessary legal framework for resolving conflict, we could have faced problems today - President Aliyev
Iran registers order at COVAX to buy vaccine
Air traffic reduces in Georgia - EUROCONTROL
Second asphalt layer of Ashgabat-Turkmenabat highway being laid
Russian Export Center discloses value of support for exports to Azerbaijan
Azerbaijan's import of limestone, cement down in 10M2020
Aghdam operation was part of our plans - President Aliyev
Kocharyan and Sargsyan, you have knelt before us - President of Azerbaijan
We will restore the city of Aghdam - President of Azerbaijan
No-one should worry, especially leaders of Western countries - President Aliyev
Pashinyan imprisoning captures all opposition, West remains silent - President Aliyev
Many times when I was on line of contact, in trenches, I thought that one day we would return - President of Azerbaijan
I said, Pashinyan, you personally must give us a timetable, you must do it yourself - President Aliyev
We have destroyed enemy in hand-to-hand battle, crossing ravines, forests, mountains, and liberated Shusha - President Aliyev
Precious metal prices in Azerbaijan down
Victory on battlefield made it possible to liberate Aghdam district without a single shot - President of Azerbaijan
Today, many developed countries studying our experience - President of Azerbaijan
Some int'l organizations did not want to reveal identity of occupier in documents adopted - President Aliyev
We do not depend on anyone, do not depend on any country, on any int'l financial institution - President Aliyev
New gas condensate storage facilities to be launched in Iran's Asaluyeh County
Uzbekistan’s largest import of wood products falls on Russia
Uzbekistan eyes importing electricity from Turkmenistan, Kazakhstan
Uzbek-Chinese JV to buy spare parts for analyzer via tender
Azerbaijan indicts Armenian ex-defense minister on another article
To those questioning support for Azerbaijan territorial integrity, I suggest they read UNSC resolutions - Former Romanian FM
Turkmenistan considering possibility of growing pistachios
EBRD provides Azerbaijan with loan to improve environment in Ganja
Georgia reports 3,128 new coronavirus cases
Uzbekistan’s gov’t ready to back Ipoteka-Bank
UNICEF contributes to dev't of Turkmenistan's action plan for its national strategy
Israel's Netanyahu says will visit Bahrain soon
Iran reveals data on new enterprises in Hamadan province
President Aliyev presents Holy Quran he brought from Mecca to Aghdam mosque
Turkmenistan implements advanced technologies in oil, gas industry
Profit of Georgian banking system up
Raw sulfur output volumes drop in Kazakhstan
TOBB reveals total capital of Iranian companies registered in Turkey
Investments in Iran’s Hormozgan Province spike
Zenith Energy transporting drilling rigs outside of Azerbaijan
Azerbaijani oil prices grow
Georgia reveals volume of assets of State Pension Fund
Uzbekneftegaz, Gazprombank in talks over financing of hydrocarbon production in Uzbekistan
Iran's exports via customs of Astara County increases
Uzbekistan reduces import of Turkish electrical goods in October
Azerbaijan's 10M2020 import of Turkish ready-made clothes edges up
Uzbekistan’s glass factory expands production of polished sheet glass
IRICA declares details of Iran’s imports
Volume of cars export for 10M2020 in Uzbekistan revealed
Kazakhstan's revenue from transport via pipelines down amid COVID-19
Poland’s service sector may be attractive for Azerbaijani investments
Turkmenistan, UNDP discuss draft work plans for 2021
Azerbaijani currency rates for Nov. 24
Poland, Azerbaijan should establish direct flights, says ambassador
Poland, Azerbaijan could analyse cooperation on third markets
Poland, Azerbaijan have to work together to effectively connect ports, multimodal terminals
Azerbaijan's corporation, German company select auditor for future aluminum plant
Poland to support further development of Southern Gas Corridor, says envoy
Iran's exports decrease
If OPEC+ agrees on delaying output increase, it will prevent potential price collapse: WoodMac
Kazakhstan’s largest gas supplying company to buy welding equipment via tender
Largest fall, highest increase in European gas prices
Kazakh national atomic company's subsidiary opens tender to buy pumps
South Korea ready to actively participate in Turkmenistan's projects
Iranian currency rates for November 24
Brent hits highest since March, spurred by coronavirus vaccine hopes
Azerbaijan raises import of products from EU over 10M2020
Number of patients recovered from COVID-19 in Uzbekistan approaches 70,000
Director of ITE Events sends letter to President Aliyev
Number of IDPs from Azerbaijan's liberated Aghdam district being clarified (Exclusive)
Chinese mainland reports 2 new domestically transmitted COVID-19 cases
UNICEF working with over 350 partners to deliver COVID-19 vaccines
Kazakhstan reports 678 new coronavirus cases, total at 126,860
Georgia talks about funds mobilized as result of privatization
Trump authorizes administration to begin transfer of power to Biden
UK records another 15,450 coronavirus cases with 206 deaths
U.S. agency tells Biden he can formally begin transition
Uzbek bank funds creation of greenhouse in Uzbekistan’s Zangiata district
NATO, EU invite Biden to rebuild transatlantic ties
Turkey reports 6,713 new COVID-19 cases, 453,535 in total
Israeli airline El Al announces direct flight route to UAE
China launches Chang'e-5 to collect, return moon samples
All news