SOCAR: TANAP to allow transporting gas from Caspian littoral countries to Europe
Azerbaijan, Baku, Nov. 16 / Trend E. Ismayilov /
Azerbaijan will bring export volumes of gas at least up to 40-50 billion cubic meters by 2025, SOCAR head Rovnag Abdullayev said at the summit "New opportunities of dynamic region" in Istanbul.
He said that it is planned to create a new energy corridor between Azerbaijan, Turkey and Europe within the transportation of gas to be produced within the second phase of developing Azerbaijani gas condensate field "Shah Deniz".
Azerbaijan envisages the development of gas reserves of the fields "Absheron" and "Umid", other prospective structures and deep-lying gas of the block of oil and gas fields "Azeri-Chirag-Guneshli", Abdullayev said.
Most of this gas will be exported to the European market. Trans-Anatolian gas pipeline (TANAP) will be the gas transmission infrastructure that will ensure the safe transportation of gas from Azerbaijan to Europe, Abdullayev said.
In the future, along with Azerbaijani gas, this gas pipeline will transport gas from other countries of the Caspian basin, via Azerbaijan and Turkey to Europe. The gas pipeline will become a fundamental and crucial element within the "Southern Gas Corridor", which will be implemented in phases, SOCAR head said.
The Southern Gas Corridor is a major energy project for the EU. It is intended to diversify routes and sources of supply. It is aimed at ensuring EU energy security. Gas which will be produced during the second stage of Azerbaijani Shah Deniz field development is considered as the main source for the Souther Gas Corridor projects.
Currently, the Shah Deniz consortium considers two options to deliver its gas to Europe - Trans Adriatic Pipeline (TAP) and Nabucco West. The final decision on a pipeline route will be made in 2013
TANAP project envisages construction of the pipeline from the eastern border of Turkey to the country's western border to supply gas from Azerbaijani Shah Deniz gas field to Europe through Turkey.
On June, 26 Azerbaijan and Turkey signed an intergovernmental agreement on TANAP implementation.
At present, a 20 per cent share in TANAP belongs to Turkish BOTAS, 80 per cent and the State Oil Company of Azerbaijan (SOCAR). The initial capacity of the pipeline is expected to reach 16 billion cubic meters a year. About six billion cubic meters will be delivered to Turkey, and the rest - to Europe