Today.Az » Business » SOCAR Head: Serious step made on Azerbaijani gas delivery to Europe - UPDATE
28 June 2013 [11:41] - Today.Az
A serious step has been taken for the delivery of Azerbaijani gas to Europe, president of SOCAR (State Oil Company of Azerbaijan) Rovnag Abdullayev told journalists on Friday.
"It was achieved by the initiative of the President of Azerbaijan Ilham Aliyev. Azerbaijan's role has once again been confirmed recently in Brussels," Abdullayev said.
According to Abdullayev, Europe is an important market for gas supplies. The decision on the choice of a route for the Azerbaijani gas supplies to Europe has become the first one in the way of entering the new market. However, it is not limited to the choice of the TAP project.
'Shah Deniz' Consortium is working on the possibility of gas supplies to Bulgaria. Important interconnectors in Europe are also being considered. Besides gas from 'Shah Deniz' we are seeing a second wave: for example, the deep laying gas on the of Azeri-Chirag-Guneshli block and the gas from the prospective 'Shafaq-Asiman' [...] we will witness the realization of the Nabucco project after the gas opportunities will be increased. Everything is not limited to TAP gas pipeline. We still need new export routes," Abdullayev said.
On Friday, the shareholders of the project of development of Azerbaijani 'Shah Deniz' gas condensate field announced the selection of TAP as a transportation route for its gas to European markets.
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.
Gas which will be produced during the second stage of Shah Deniz field development is considered as the main source for the project.
The TAP route will be approximately 870 kilometres in length (Greece 550 km; Albania 210 km; offshore Adriatic Sea 15km; Italy 5 km).
TAP's initial pipeline capacity will be 10 billion cubic meters per year, but it will be easily expandable to 20 billion cubic metres per year. TAP's shareholders are AXPO of Switzerland (42.5 percent), Norway's Statoil (42.5 percent) and E.ON Ruhrgas.
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12:12
A serious step has been taken for the delivery of Azerbaijani gas to Europe, president of SOCAR (State Oil Company of Azerbaijan) Rovnag Abdullayev told journalists on Friday.
"It was achieved by the initiative of the President of Azerbaijan Ilham Aliyev. Azerbaijan's role has once again been confirmed recently in Brussels," Abdullayev said.
/Trend/
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