SOCAR Turkey Enerji: Choosing route to supply Caspian gas to Europe to depend on feasibility study and cost of projects
Azerbaijan, Baku, March 12 / Trend, A. Taghiyeva /
The choice between the Trans-Adriatic Pipeline (TAP) and Nabucco West, which are both designed to become the final route of gas supply from the Caspian region to Europe, will depend on their feasibility studies and cost of the projects, SOCAR Turkey Enerji head, Petkim petrochemical complex board member Kenan Yavuz told Trend on Tuesday.
According to Yavuz, in fact, the necessity to implement both of these projects may emerge in Europe.
He said that the Nabucco West project originates on the Turkish-Bulgarian border with the final point of supply to Austria, while the TAP project stretches from the Turkish-Greek border to Italy. The Shah Deniz Consotium will choose the final route," Yavuz said.
Gas to be produced during the second stage of Shah Deniz field development will be considered the main gas source of these projects.
TAP's shareholders are AXPO of Switzerland (42.5 per cent), Norway's Statoil (42.5 per cent) and E. ON Ruhrgas of Germany (15 per cent).
In case of TAP being selected as the final pipeline route, the construction of the pipeline will start in 2015, the first gas would be expected to be produced in 2018.
Currently, the Shah Deniz consortium is considering two options for its gas transportation to Europe - TAP and Nabucco West (through the territory of Greece).
Nabucco-West envisages the construction of 1,300 km of pipeline (Bulgaria: 412 km, Romania 469 km, Hungary 384 km, Austria 47 km) from the Turkish-Bulgarian border to the Austrian Baumgarten.
In June 2012 the consortium of Azerbaijani Shah Deniz gas field development chose Nabucco West as the single pipeline option for the potential export of Shah Deniz Stage 2 gas to Central Europe.
The final decision is expected to be made in June 2013.