European Commission grants exemptions from EU legislation for TAP and Nabucco West
Azerbaijan, Baku, May 17 / Trend A. Badalova /
The European Commission adopted a formal decision granting the exemptions from the EU legislation (the provisions of the 3rd Energy Package on the third party access, tariff regulation and ownership unbundling) for the Trans Adriatic Pipeline (TAP) and Nabucco West projects, which are proposed to transport Azerbaijani gas to Europe, the EU Delegation to Azerbaijan said on Friday.
This decision appears as an extension of the existing exemption (on the third party access and tariff regulation) earlier granted.
According to the Head of the Delegation of the EU to Azerbaijan, Ambassador Roland Kobia, these decisions form another milestone in completing the Southern Gas Corridor, and show the commitment and seriousness of the EU to concretely work with Azerbaijan in realising our common projects of mutual interest.
"The decisions address the important outstanding regulatory and legislative issues for both TAP and Nabucco West projects. Now, the positions of the two projects have reached a comparable level that will enable Shah Deniz consortium to evaluate both pipelines adequately in view of the upcoming June decision on the European evacuation route for the Shah Deniz II gas", he said.
The Southern Corridor is one of the EU's priority energy projects aimed at diversifying the routes and sources of energy supply, thereby increasing secure delivery. Gas to be produced during the second phase of the Azerbaijani Shah Deniz field development is considered as the main source for the Southern Gas Corridor projects.
Currently, the Shah Deniz consortium considers two options for its gas transportation to Europe - TAP and Nabucco West. The final decision on the pipeline route will be made in June, 2013.