Why TAP?

Why TAP? CESD: TAP will contribute to EU Energy Security but Russian monopoly in Central and Eastern Europe will remain BP and the State Oil Company of Azerbaijan signed an agreement to deliver Azerbaijan’s gas to Europe via the Trans-Adriatic Pipeline (TAP) rather than the competing Nabucco West project at the Four Seasons Hotel in Baku on June 28th, 2013 TAP is a consortium established by Norway’s Statoil (42.5%), Swiss’s Axpo (42.5%),... Read More

Interest in Nabucco on rise after launch of open season registration

Interest in Nabucco on rise after launch of open season registration A week after the launch of the registration phase of the Open Season, shipper interest in registration and capacity booking in the Nabucco West pipeline has already exceeded expectations. Nabucco has received strong interest from variety of shippers, including potential shippers not part of Nabucco, the Shah Deniz consortium or its buyers. Reinhard Mitschek, CEO of NABUCCO Gas... Read More

New Area for Nabucco Project?

New Area for Nabucco Project? The Nabucco Political Committee-Meeting of the Nabucco Ministers of the Transit Countries convening in Vienna, Austria confirmed the full political support for the Nabucco Gas Pipeline Project and for the existing Intergovernmental Agreement giving comfort to investors and producers. Hosted by the Austrian Energy Ministry and attended by the Energy Commissioner Gunther Oettinger, the Bulgarian Prime Minister Boyko Borisov... Read More

Nabucco Consortium submits new proposal to Shah Deniz II Consortium

Nabucco Consortium submits new proposal to Shah Deniz II Consortium The Nabucco Consortium on May 16, 2012 submitted a proposal to the Shah Deniz II Consortium for the construction of a “Nabucco West” pipeline, which would bring Caspian gas from the Bulgarian-Turkish border to Baumgarten and beyond. “We are convinced that we have submitted a competitive and comprehensive proposal to the Shah Deniz II Consortium, and that this proposal represents... Read More

Does Nabucco have many uncertainties?

Does Nabucco have many uncertainties? Nabucco gas pipeline project, which is designed to transport gas from the Caspian region and Middle East to the European countries, has many uncertanties, Bloomberg reported with the reference to Hungarian company Mol. “There are “many uncertainties around the Nabucco project that would be hard to ignore,” Mol said. Earlier Hungarian Prime Minister Viktor Orban said that Mol is leaving Nabucco... Read More

SOCAR: “only one route will be selected for transportation of Azerbaijani gas to Europe”

SOCAR: “only one route will be selected for transportation of Azerbaijani gas to Europe” The transportation of not only Shahdeniz gas, but other gases will be taken into consideration during selection of route for transportation of Azerbaijani gas to Europe, said the President of State Oil Company of Azerbaijan Rovnag Abdullayev. According to him, for this reason, Azerbaijan’s gas extraction program for future will be main during the selection... Read More

Turkey pays for Azeri gas with 35 % less than market price

Turkey pays for Azeri gas with 35 % less than market price Turkey pays only % 280 per thousand cubic meter (tcm) to Azeri gas which is 2/3 of market price said CESD sources at State Oil Company of Azerbaijan Republic (SOCAR).  Why SOCAR still officially denies publicly announcing what price Turkey currently pays for Azeri gas, although gas agreement between Azerbaijan and Turkey signed a half year ago, is the low price paid by Ankara- CESD sources... Read More

Trans Adriatic Pipeline Manager; Good chances to win Shah Deniz bid

Trans Adriatic Pipeline Manager; Good chances to win Shah Deniz bid Trans Adriatic Pipeline (TAP) has very good chances to be the winner in Shah Deniz consortium`s route selection process, TAP Managing Director Kjetil Tungland said in an interview with Trend news agency in Baku. “I am confident that TAP will be selected as the final route to transport Azerbaijani gas to Europe,“ Tungland said. According to him, TAP has several advantages... Read More

BP: Revised Nabucco project is big step forward

BP: Revised Nabucco project is big step forward The change of Nabucco gas pipeline project’s conception was a big step forward, BP’s Vice President for Shah Deniz Full Field Development Alasdair Cook said in an interview with the Financial Times. “We believe Nabucco West is a much improved offer. We’re really pleased,” Cook said. Nabucco Gas Pipeline International proposed a new conception of the project (Nabucco-West)... Read More

Nabucco turns to Iraq

Nabucco turns to Iraq Nabucco consortium considers Nothern Iraqi gas as an option to secure future gas supply to Europe, Dow Jones Newswires reported on Wednesday with the reference to the project official representative. “Why shouldn’t we pipe gas from Northern Iraq,” Nabucco Gas Pipeline International GmbH spokesman, Christian Dolezal said. He stressed that Northern Iraq has huge potential as a gas producer. “We should explore... Read More

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