Friday, 20 January, 2017

Azerbaijan considering transportation of Iranian gas to Europe

Digital maps in graphic file formats such as Adobe Illustrator, EPS,
JPEG, and PowerPoint.

Azerbaijan is considering the possibility to transport Iranian gas through its territory to Europe, said Azerbaijan’s Deputy Energy Minister Natig Abbasov.

Abbasov made the remarks Aug. 29 at the 2016 Eurasian Conference of the International Association for Energy Economics (IAEE) in Baku.

He noted that it will be possible through Iran’s joining the Trans-Anatolian Natural Gas Pipeline (TANAP) project.

Abbasov didn’t also exclude possibility of transporting Iraqi gas through Azerbaijan to Europe.

TANAP project envisages transportation of gas from Azerbaijan’s Shah Deniz field to the western borders of Turkey. The gas will be delivered to Turkey in 2018, and after completion of the Trans Adriatic Pipeline’s construction, the gas will be delivered to Europe in early 2020.

The project’s total cost is estimated at $9.8 billion. Currently, the shareholders of TANAP are: SOCAR (State Oil Company of Azerbaijan) – 58 percent, Botas – 30 percent and BP – 12 percent.

TAP project envisages transportation of gas from the Stage 2 of development of Azerbaijan’s Shah Deniz gas and condensate field to the EU countries. 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). A ceremony marking the beginning of construction for the project was held on Tuesday, 17 May in Thessaloniki.

The 870-kilometer 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.

Trend

fair to share...Share on FacebookTweet about this on TwitterPin on PinterestShare on Google+Share on LinkedInPrint this pageEmail this to someone

2 Comments

  1. Amir

    August 30, 2016 at 5:55 pm

    I believe the reverse should be considered. Azerbaijan gas and oil should be rerouted to Europe through Iran rather through Turkey. Turkey? It is already like a boiling pot that any time soon may go viral. The most economical route is through Iran-Iraq (Kurdistan) – Syria. The question is, how the parties involved, Iran – Russia- possible USA, would like to create such coalitions? When the real coalition is created, ISIS will be terminated, and all-inclusive vacations will be started. ISIS is the creation of one party against the other. When joint venture starts, ISIS type group will take a long-long vacation. Islam is not ISIS, and ISIS is not Islam, everybody in business of politics knows that. Unfortunately, the parties involved, like prompting the idea of fear to the majority of public in the world.
    This is like sheep would listen to the shepherd by the guardians (fear) of dogs.

  2. Kevin

    August 30, 2016 at 9:46 pm

    I don’t understand why it does not go through Iran to Turky?! It seemed all the share holders are foreign countries again.

Leave a Reply

Your email address will not be published. Required fields are marked *


*