Trans Adriatic Pipeline selected to transport Azerbaijani gas to Europe (PHOTO)

Trans Adriatic Pipeline selected to transport Azerbaijani gas to Europe (PHOTO)

Azerbaijan, Baku, 28 June / Trend S.Aliyev /

The Trans Adriatic Pipeline (TAP) has been selected by the consortium for the development of the Azerbaijani gas condensate field Shah Deniz as the route to transport its gas to European markets. This was officially announced on Friday.

As BP President for Azerbaijan, Georgia and Turkey, Gordon Birrell said at a press briefing, TAP is an important project and especially for the Southern Gas Corridor.

He noted that two years ago, the President of Azerbaijan Ilham Aliyev and the President of the European Commission Jose Manuel Barroso signed a document confirming the possibility of transporting Azerbaijani gas to Europe.

"Important results in this direction were confirmed once again a few days ago in Brussels. We will see how Azerbaijan is becoming a European supplier of gas," Birrell said.

He said that Azerbaijan has demonstrated itself as a reliable partner by pumping 2.3 billion barrels of oil via the Baku-Tbilisi-Ceyhan oil pipeline.

"In the past two years, we have been considering various options for pipelines and made the right choice. In that time we have been looking for various aspects including technical, financial and security issues as well as the possibility of extension. With great confidence we will start acting towards the implementation of the Southern Gas Corridor," Birrell said.

As Birrell noted, there will be an increase in gas production from other fields in Azerbaijan in the future, which will cause a need for new interconnectors and a new infrastructure.

Birrell said that BP is working closely with Azerbaijan on the Trans-Anatolian gas pipeline project (TANAP).

According to him, some $40 billion will be invested in the realisation of Shah Deniz-2 and enabling gas deliveries to Europe. Shah Deniz-2 involves extraction of an additional 16 billion cubic meters of gas from the field.

The TAP project is designed to transport gas from the Caspian region via Greece and Albania and across the Adriatic Sea to the south of Italy and further to Western Europe.

The gas produced within the second phase of development of Azerbaijani gas condensate field Shah Deniz is regarded as the main source for the project.

TAP's initial pipeline capacity will be 10 billion cubic metres per year, but is easily expandable to 20 billion cubic metres per year. 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).

Construction of TAP is expected to start in 2015.

Subscribe to Trend in Google News! Subscribe
Iran reveals COVID-19 data for November 25
Iran reveals COVID-19 data for November 25
Iran reveals COVID-19 data for November 24
Iran reveals COVID-19 data for November 24
Iran updates COVID-19 protocols for international travelers
Iran updates COVID-19 protocols for international travelers
Loading Bars
Latest
Azerbaijan limits import of poultry products from number of countries
Number of flights from Iran’s Shahid Beheshti International Airport soars
Turkey discloses volume of cargo shipment via its from ports from Italy for 9M2021
Iran resumes activity of several enterprises in Sistan and Baluchestan Province
Azerbaijan’s Nakhchivan notes increase in agricultural production for 10M2021
Relations between Baku, Moscow experience highest dev’t stage in history of Azerbaijan's independence – experts
Sri Lanka bans travellers from 6 African nations due to Omicron COVID variant
We feel very comfortable in National Gymnastics Arena in Baku - Israeli athletes
Weekly review of key events in Azerbaijan's ICT sector
Weekly review of main events in Azerbaijan's transport sector
Uzbekistan reveals leading banks without state share in terms of volume of deposits
Number of people hospitalized after Listvyazhnaya mine explosion grows to 58
Weekly review of Azerbaijani precious metals market
Georgia reveals top exported goods to China
Performing at National Gymnastics Arena in Baku is unbelievably cool - Kazakh athlete
Iran’s NICICO records increase in sales
Weekly review of Azerbaijani currency market
Azerbaijan notes growth in total liabilities of banks in 10M2021
Several hydrological points to be installed on rivers in Azerbaijan’s liberated territories – ministry
Iran’s Saipa Company increases auto manufacturing
Georgia releases COVID-19 data for November 27
Uzbekistan names leading state-owned banks in terms of volume of deposits
Georgia, EU to enhance co-op in foreign policy, security
Iran to reconsider guaranteed price for wheat purchase
Iran sees increases in exports
Iran, Afghanistan to improve trade
Third day of 28th FIG Trampoline Gymnastics World Age Group Competition kicks off in Baku (PHOTO)
Turkey shares data on cargo shipment via its ports from Spain for 9M2021
Methane outburst is viewed as likely cause behind deadly blast at Listvyazhnaya coalmine
Turkey shares data on vehicles shipments between its Cesme, Greek Chios ports
Weekly review of Azerbaijan's oil & gas sector
Iran's PBO talks reduced inflation rate
Iranian startups to make their first initial public offering - Farabourse
Iran's solar power plants generate half of renewable energies - SATBA
Iran eyes developing national space industry
Azerbaijan once again achieves its goals at meeting in Russia’s Sochi - experts
Uzbekistan shares updated COVID-19 data
New World Order and India
Iranian currency rates for November 27
Azerbaijani oil prices decrease
Azerbaijan sees decrease in number of users per payment terminal in 10M2021
Iran, France to improve economic ties
Turkey reveals volume of vehicles shipments between its Yalova, Italian Bari ports
Georgia-China trade turnover up
Kazakhstan’s Ekibastuz GRES-2 power station opens tender to buy spares for engine
Pfizer/BioNTech, Moderna expect data on shot's protection against new COVID-19 variant soon
“Armenian clan” guides European institutions (PHOTO)
Iran, Turkmenistan, Kazakhstan sign tripartite MoU on railway cooperation
Turkey bans travel from 5 African countries over new COVID-19 variant
Uzbekistan, Kazakhstan sign an agreement worth about $612 million
Kazakhstan has great potential to use high environmental standards in practice - AIFC
South Africa says travel bans over new variant unjustified
US announces travel restrictions over new COVID-19 variant
At least 19 dead, 32 injured after bus crash in Mexico
US company Moderna begins work on vaccine against new SARS-CoV-2 variant ‘Omicron’
Dozens of COVID-19 cases on flight from South Africa, Dutch authorities say
Top Iran diplomat calls for lifting of sanctions, days before Vienna nuclear talks
U.S. President Biden calls for intellectual property protection waivers on COVID-19 vaccines
WTO postpones major meeting over COVID-19 concerns - sources
Trilateral meeting in Sochi can be called historic - Chairman of State Duma Committee
487 illegal immigrants rescued off Tunisian coast: ministry
WHO names new COVID variant Omicron
Sochi meeting is tremendous step in right direction; Armenia must act quickly in order to intercept its abandoned priorities - experts
Turkey to support Qatar's regional and international goals: Shentop
Kazakh President holds talks with President of European Commission
Statement by President of Azerbaijan, PM of Armenia and President of Russia published
Georgia carries out judicial reform with support of U.S., MP Okhanashvili says
Iranian, Malaysian FMs discuss bilateral ties
Foreign Ministry comments on trilateral meeting of leaders of Azerbaijan, Russia and Armenia
Putin discusses results of meeting with President of Azerbaijan Ilham Aliyev and Prime Minister of Armenia Nikol Pashinyan with Security Council
Vladimir Putin announces agreement on unblocking transport corridors between Azerbaijan and Armenia
Commission for delimitation of border between Azerbaijan and Armenia to be created
We numerously publicly stated that we are ready to start delimitation process - President Ilham Aliyev
After military hostilities ended, over 100 Armenian servicemen were returned to Armenian side - President Ilham Aliyev
Trilateral working group of Azerbaijan, Russia and Armenia to hold meeting next week in Moscow - Putin
President Ilham Aliyev ends his working visit to Sochi
Agreement reached on creation of mechanisms for demarcation and delimitation of border between Azerbaijan and Armenia before year end - Putin
Decisions taken at trilateral meeting in Sochi to contribute to safer and more predictable situation in South Caucasus - President Aliyev
Baku holds award ceremony of winners of second day of 28th FIG Trampoline Gymnastics World Age Group Competitions (PHOTO)
Kazakhstan records growth in remittances to Azerbaijan since early 2021
Russian gymnasts grab gold in synchronized trampoline at 28th FIG World Age Group Competitions in Baku
Russian President, Azerbaijani President and Armenian Prime Minister make press statements (PHOTO/VIDEO)
Price indexes of financial, trade sectors at Uzbek stock exchange rise
US gymnasts rank first in synchronized trampoline among men at 28th FIG Trampoline Gymnastics World Age Group Competitions in Baku
Azerbaijan approves boundaries of protected zone of State Reserve of Shusha city
Russian gymnasts grab gold, silver, bronze in double mini-trampoline among men at 28th FIG World Age Group Competitions in Baku
Russian-Turkish ceasefire monitoring center working hard - President Putin
French gymnast grabs gold in tumbling among women at 28th FIG World Age Group Competitions in Baku
Best moments of second day of 28th FIG Trampoline Gymnastics World Age Group Competitions in Baku (PHOTO)
Uzbekistan building power unit complex for nuclear plant in Jizzakh region
Body of another Armenian serviceman found on Azerbaijan's liberated lands
Russian gymnast grabs gold in tumbling among men at 28th FIG Trampoline Gymnastics World Age Group Competitions in Baku
Footage of warm meeting between Azerbaijani, Russian presidents in Sochi (VIDEO)
Portuguese gymnast ranks first in individual trampoline at 28th FIG Trampoline Gymnastics World Age Group Competitions in Baku (PHOTO)
Russian gymnast ranks first in double mini-trampoline at 28th FIG World Age Group Competitions in Baku
Georgia, Serbia working to strike a free trade agreement
Excellent conditions created for Azerbaijani students in Russia - President Ilham Aliyev
Cargo transportation volume between Azerbaijan, Turkmenistan revealed
Volume of freight traffic between Azerbaijan, Kazakhstan for 10M2021 revealed
Russian gymnast grabs gold in individual trampoline at 28th FIG World Age Group Competitions in Baku
All news