No mutual exclusion for Nabucco West, TAP in long-term prospect
Azerbaijan, Baku, April 2 / Trend A.Badalova /
Nabucco West and Trans Adriatic Pipeline (TAP) are not mutually exclusive projects in a long term perspective, Editor-in-Chief at Eurasia Energy Observer, Andrej Tibold believes.
According to Tibold, the limiting factor for concurrent implementation of these projects is the volumes of Azerbaijani gas available for export to Europe.
"So in that sense, the question which pipeline offers the best solution is only of a temporary nature," Tibold wrote Trend via e-mail.
Tibold stressed that Azerbaijan's export potential is far greater than just the Shah Deniz field, and exports can be further increased with future new fields coming on stream.
"Then, additional transport capacity will be needed to export Azerbaijani gas, possibly with gas from the Northern Iraq and Eastern Mediterranean, to Europe," he said. The planned scalability of the TANAP projects also foresees this, Tibold added.
Nabucco Gas Pipeline International and TAP have submitted their final offers to the consortium of Azerbaijani Shah Deniz field development. "The submissions allow the Shah Deniz consortium to conduct the final evaluation of each of the transportation options and make an informed decision on the preferred export route to Europe," the report of BP Azerbaijan said.
The final decision on the European pipeline is expected to be made by end of June 2013. The transportation offers include substantial information about the technical, regulatory, financial and other aspects of the Nabucco West and TAP projects.
Nabucco West is a short-cut version of Nabucco project, which envisages construction of the pipeline from the Turkish-Bulgarian border to Austria. The project's current shareholders are Bulgarian Energy Holding, Romanian Transgaz, Turkish Botas, Austrian OMV, German RWE and Hungary's FGSZ.
TAP project is designed to transport gas from the Caspian region via Greece and Albania and across the Adriatic Sea to southern Italy and further into Western Europe. TAP's initial pipeline capacity will be 10 billion cubic metres per year, but it is easily expandable to 20 billion cubic metres per year. TAP's shareholders are AXPO of Switzerland (42.5 percent), Norway's Statoil (42.5 percent) and E.ON Ruhrgas of Germany (15 percent).