Georgia is ready to solve problems with Southern Gas Corridor project implementation
Baku, Azerbaijan, Feb. 12
By Anakhanim Hidayatova - Trend:
The implementation of the second stage of developing the Azerbaijani gas condensate Shah Deniz-2 field was mainly discussed during the first meeting of the Advisory Council of the Southern Gas Corridor project, held in Baku Feb. 12, Georgian Energy Minister Kakha Kaladze told Trend Feb. 12.
"TANAP and TAP projects were discussed," the minister said. "In general, we talked about the problems that may arise during the Southern Gas Corridor implementation. Georgia has promised that it is ready to resolve any issues that may arise during the project implementation in the country."
The Southern Gas Corridor envisages the delivery of gas from Azerbaijan's Shah Deniz gas condensate field to Europe.
A final investment decision was made on Dec.17, 2013 on the Stage 2 of the Shah Deniz offshore gas and condensate field's development. The gas produced at this field will first go to the European market (10 billion cubic meters), while six billion cubic meters of gas will be annually delivered to Turkey.
The contract for development of the Shah Deniz offshore field was signed on June 4, 1996. The field's proven reserve is equal to 1.2 trillion cubic meters of gas and 240 million metric tons of condensate.
As part of the second stage of the field's development, gas will be exported to Turkey and European markets by expanding the South Caucasus gas pipeline and the construction of Trans-Anatolian (TANAP) and Trans-Adriatic (TAP) gas pipelines.