Azerbaijan to export gas to Europe in 2020
Baku, Azerbaijan, Nov. 21
By Emil Ismayilov - Trend:
The gas will be exported to Europe as part of the second stage of the Shah Deniz gas condensate field development in 2020, Southern Gas Corridor company head Afghan Isayev said during the "Oil and Gas Week 2014" conference in Baku Nov. 21.
He said that the gas supply to Turkey will begin as part of this project in 2018.
"The gas will be supplied to Europe due to the expansion of the South Caucasus Gas Pipeline up to 23.4 billion cubic meters per year, as well as the construction of the Trans-Anatolian and Trans-Adriatic Gas Pipelines," Isayev said.
"TANAP will be commissioned in 2018, while the TAP pipeline - in 2020."
He said that the work on all four elements of the Southern Gas Corridor, according to the preliminary data, is estimated at $50 billion.