Russian gas from Turkish Stream likely to go through TAP - expert

Russian gas from Turkish Stream likely to go through TAP - expert

Baku, Azerbaijan, July 12
By Elena Kosolapova - Trend:
Russian gas pumping by the Turkish Stream pipeline will more likely to get to Europe via Trans-Adriatic Pipeline (TAP), Gareth Winrow, an independent analyst on Turkey and energy security in Eurasia believes.

“Russia is still very much interested in connecting the second leg of Turkish Stream to Turkey and the rest of Europe via Greece. This would link up either with the Trans-Adriatic Pipeline, once its annual capacity is doubled to 20 bcm, or would connect Greece and Italy by reviving the previously proposed Interconnector Turkey-Greece-Italy (ITGI),” Winrow told Trend by email.

The expert noted that Russian Gazprom recently held talks with Greek DEPA and Italian Edison companies on promoting the latter project.
According to Winrow, it seems that the EU would also not oppose the flow of Russian gas to Europe via an enlarged TAP as this would not be in breach of EU regulations concerning the Third Energy Package.

He went on to add that the Europeans have already shown that they are not opposed to more Russian gas imports with regard to the planned expansion of Nord Stream for Russian gas supplies to the EU.
Winrow also noted that for the foreseeable future, it is not clear what additional non-Russian gas (besides Azerbaijani gas) could be transported to Europe via TAP pipeline.

“Further exports from Azerbaijani gas fields or gas deliveries from Turkmenistan, northern Iraq or even Israel to Europe via Turkey and the Southern Gas Corridor are not likely in the near-medium term because of political problems, the lack of infrastructure, or delays in developing gas fields,” he said.
Meanwhile, according to the expert, there is certainly an ongoing competition between various countries in southeastern Europe concerning the possible route for the second leg of the Turkish Stream pipeline which would have a planned capacity of about 16 bcm per year.

He reminded that the Prime Minister of Bulgaria, Boiko Borissov, and the Serbian President, Aleksandr Vucic, have attended the 22nd World Petroleum Congress in Istanbul this week, where they have taken the opportunity to lobby for the routing of the second leg of Turkish Stream via their countries. Moreover, a few days earlier Hungary had also expressed a serious interest in hooking up with Turkish Stream via Serbia.

“Although this possible gas pipeline has been receiving a lot of publicity of late… and in spite of lobbying from Bulgaria, Serbia and Hungary, Moscow may still prefer one of the two options via Greece,” Winrow said, adding that in particular, using the upcoming open season of auctions to provide an extra 10 bcm per year to an enlarged TAP would be attractive to Gazprom as it would restrict the volume of non-Russian gas flowing to Europe along this key component of the Southern Gas Corridor.

Russia and Turkey signed an intergovernmental agreement on the implementation of the Turkish Stream project in October 2016. The agreement envisages construction of two strings of the main gas pipeline through the Black Sea, the capacity of each string being 15.75 billion cubic meters of gas.
One string is meant to supply gas directly to the Turkish market and the other for the supply of gas by transit through Turkey to Europe. Initially, Russia and Turkey planned to build four strings of the pipeline. Russian Gazprom began laying pipes for the Turkish Stream pipeline off the Russian Black Sea coast in early May 2017.

TAP is a part of the Southern Gas Corridor, which is one of the priority energy projects for the European Union. The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries. The pipeline will connect to the Trans Anatolian Natural Gas Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy’s south.

TAP will be 878 kilometers in length (Greece 550 kilometers, Albania 215 kilometers, Adriatic Sea 105 kilometers, and Italy 8 kilometers). TAP’s shareholding is comprised of BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).

Follow the author on Twitter: @E_Kosolapova

Bank of Italy lowers 2020 GDP forecast to -9.5%
Bank of Italy lowers 2020 GDP forecast to -9.5%
COVID-19 pandemic cuts France's import of steel from Turkey
COVID-19 pandemic cuts France's import of steel from Turkey
TAP is roadmap for further large-scale investments in Greece
TAP is roadmap for further large-scale investments in Greece
Loading Bars
Latest
Azerbaijan’s Goycay-Sud enterprise discloses volumes of exported pomegranate juice
Central Bank of Azerbaijan to hold deposit auction on Bloomberg trading platform
Number of trucks handled by Baku International Sea Trade Port up
Assistant to Azerbaijan’s president discloses reason for metro shutdown
Hikmat Hajiyev: information about extension of quarantine regime in Azerbaijan for 60 more days is rumors
US provides Georgia with modern communication equipment
Hikmat Hajiyev: Azerbaijan to continue bringing back its citizens from foreign countries
Int'l cargo transportation continues in Azerbaijan during pandemic - Hikmat Hajiyev
Assistant to president: No infected servicemen in Azerbaijani army
Hikmat Hajiyev: Special session of UN General Assembly begins upon Azerbaijani President Ilham Aliyev's initiative
Norway offers funds to Council of Europe’s new Action Plan for Georgia 2020-2023
Iran's currency market problems can be solved by reforming policies
Turkey announces five-month volume of fuel oil transshipment via its ports
Volume of cargo transshipment through Turkish port of Iskenderun announced
Daily price for hotel rooms in Georgian regions decreases
Turkish ministry unveils volume of cargo transshipment through Bartin port
Assistant to president: Azerbaijani serviceman serving abroad infected with coronavirus
Azerbaijani Khazar Inshaat company completing construction of residential complex
Turkmenistan, WB consider ways to support country's enterprises during COVID-19
Eni Turkmenistan Limited opens tender for crude oil analysis
US embassy announces 2020-2022 GIPA Master’s Degree Program in Journalism
Uzbekistan willing to go ahead with signing partnership agreement with EU
Tesla rival Rivian adds $2.5 billion investment led by T. Rowe Price
Canada adds 952,900 jobs in June as firms reopen from COVID-19 closures
Assistant to president: Azerbaijan continues consistently fighting COVID-19 globally
Bank of Italy lowers 2020 GDP forecast to -9.5%
Azerbaijan's Nakhchivan may export pasta to Georgia, Iraq
Iran announces conditions for remote work
UNESCO, Turkmenistan may jointly implement projects in digital sphere
IMF Mission: Speed of Georgian economy recovery to depend on rebound of external demand
Azerbaijani president congratulates president of Mongolia
French company to create intensive gardens in Uzbekistan
Azerbaijan confirms 526 new COVID-19 cases
Tecnicas Reunidas awards new contract for Baku refinery’s modernization
Kazakh investors to become more active in Georgian market
Azerbaijan increases volume of strategic currency reserves
Official: China only country that officially buys Iran's oil
Azercell presents 100 MB data to subscribers registered in “e-Tabib” mobile app
Bilateral parliamentary meeting Mexico-Azerbaijan takes place
Swiss company increases share in Uzbekistan's fruit, vegetables storage company
Construction of multi-storey residential complex under completion in Baku’s White City
Azerbaijan's alternative energy production increases
UNICEF Uzbekistan opens tender for purchase of passenger sedan cars
Volume of cargo transshipment from Morocco via Turkish ports announced
Turkmenistan working with foreign companies for major well repairs at oil field
Uzbekistan to sell state package in leading oil equipment manufacturing enterprise
New textile complexes to be opened in Turkmenistan
COVID-19 pandemic cuts France's import of steel from Turkey
TAP is roadmap for further large-scale investments in Greece
Number of active companies increases in Uzbekistan's Kokand Free Economic Zone
Azerbajani oil decreases in price
TAP announces time of starting gas deliveries to Europe
Chabahar Port to become Iran's third commercial hub
Elbit integrates drone into unmanned sea vessel
S&P warns Dubai economy to shrink 11%, cuts property giants to junk
MFA: UN General Assembly to hold special session upon President Aliyev's initiative
Uber agrees to pay $3.8 million Denmark fine over taxi law
Thailand plans economic rehab centre for post COVID-19
Agriculture sector of Kazakhstan increases attracted investments
Iran, Iraq trade to improve following borders reopening
Azerbaijan’s Ganja Instrument-Making Plant launches new product
Indian car part makers aim to establish production in Uzbekistan
Italy's Armani returned to sales growth in 2019
North-South transport corridor to give almost twofold reduction of transportation costs
China to implement new construction project in Georgia
State Oil Fund of Azerbaijan discloses revenues for 18 years
Italy likely to extend state of emergency due to coronavirus crisis
IGB may allow to import gas from Middle East, Africa
Botswana gets first test results on elephant deaths
Britain committed to agree principles on Brexit deal in July talks
Iran reveals data on olefin unit construction at Ilam Petrochemical Company
Britain committed to agree principles on Brexit deal in July talks
WHO advance team on way to China to set up probe into virus origin
Azerbaijan's import of steel from Turkey slightly down during pandemic
Turkmenistan reveals volume of oil, gas reserves in Turkmen sector of Caspian Sea
Iran's crippled auto industry hopes for price liberalization
Kazakhstan’s postal service operator to buy accumulators via tender
Georgia completes project on medical masks production
Kazakhstan's economy contracts in 1H2020
Iran reveals launch date of COVID-19 human trials
Russia's Dagestan seeks to export poultry products to Azerbaijan
Iran gov't to improve livelihood of more than 3 million households
Uzbekistan to grant use of UzAuto brand to new companies
UK economy to slump over 10%, debts to surge - Moody's
EU's Michel lays out recovery plan for summit negotiation
Kazakhstan working to link its Aktau port with Iranian Caspian port
Kazakhstan leading among importers of agricultural products from Uzbekistan
Iran's Chabahar-Zahedan railway to connect to India-Russia rail network
Renewable gas can be more competitive in future
Georgian TBC Bank included in FTSE4Good Index Series
Turkey strengthening security measures in public places due to COVID-19
Gold price in Azerbaijan declines on July 10
First online AHK Impuls was dedicated to the impact of the pandemic on tourism
Irish IDI may attract foreign companies to Free Economic Zone of Uzbekistan
Turkmenistan, Romania intend to develop co-op in priority areas
IEA estimates 108% compliance rate with OPEC+ agreement
Level of oil demand decline to improve in 2H20
Azerbaijani currency rates for July 10
COVID-19 forces Uzbekistan to suspend domestic flights, trains
Russian Defense Ministry’s clinical trials of COVID-19 vaccine enter final stage
All news