Croatian president expects extra gas reserves from SGC

Croatian president expects extra gas reserves from SGC

Baku, Azerbaijan, Oct. 21

By Anvar Mammadov – Trend:

The Ionian-Adriatic Pipeline (IAP) is an excellent project, and to realize it, more significant gas reserves from the Southern Gas Corridor are needed, said Croatian President Kolinda Grabar-Kitarović in her interview with the Caspian Energy journal.

“This is a 520 km long pipeline, which would connect the gas pipeline system of the Republic of Croatia (of Croatian regions Lika and Dalmatia) with the Trans-Adriatic Pipeline (TAP). This would be achieved by continuing construction of a branch from the Adriatic city of Split towards the port of Ploče and further on via Montenegro up to Albania, where the IAP would be linked with the TAP,” explained Grabar-Kitarović.

“In addition to Croatia, the countries included in the project are Albania, Bosnia and Herzegovina and Montenegro, but the envisioned route of the gas pipeline would just cross the territory of Albania, Montenegro and Croatia, with the construction of a branch for Bosnia and Herzegovina,” she noted.

The Croatian president said also that by means of the Ionian-Adriatic Pipeline, gas from the Caspian region would be transported directly to European buyers, and the construction of the floating LNG terminal on Krk opens up a possibility for the transport of gas all the way to Poland.

It should be noted that Azerbaijan’s state oil company SOCAR is one of the technical consultants of the IAP.

The IAP will provide deliveries of Azerbaijani gas to several countries of South-Eastern Europe. The capacity of the pipeline will amount to five billion cubic meters of gas per year.

TAP has already signed memorandums of understanding and cooperation with the developers of this project, in particular with companies of Plinacro (Croatia), BH-Gas (Bosnia and Herzegovina), Geoplin Plinovodi (Slovenia), as well as with the governments of Montenegro and Albania.

There has been created a TAP-IAP joint working group that gathers regularly to synchronize the timing both pipeline projects and coordinate the technical issues of interconnection.

The Southern Gas Corridor is one of the priority energy projects for the EU. It envisages the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian region to the European countries through Georgia and Turkey.

At the initial stage, the gas to be produced as part of the Stage 2 of development of Azerbaijan's Shah Deniz field is considered as the main source for the Southern Gas Corridor project. Other sources can also join this project at a later stage.

As part of the Stage 2 of the Shah Deniz development, the gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of TANAP and TAP.

The 870-kilometer TAP pipeline will be connected to the Trans Anatolian Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy's south. The pipeline’s initial capacity will be 10 billion cubic meters of gas per year with the possibility of expanding it to 20 billion cubic meters.

TANAP project, worth $9.2 billion, envisages transportation of gas of Azerbaijan’s Shah Deniz field from Georgian-Turkish border to the western borders of Turkey.

Gas will be delivered to Turkey in 2018, and after completion of the Trans Adriatic Pipeline’s (TAP) construction, it will be delivered to Europe in early 2020.

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