TAP Defeated Nabuco-West

TAP Defeated Nabuco-West The Shah-Deniz Consortium will announce the decision on the development of a pipeline to transport Shah-Deniz 2 natural gas to Europe on June 28, 2012. The BP-led group developing Azerbaijan’s vast gas reserves has chosen the Trans Adriatic Pipeline (Tap) via Greece to link to Europe, defeating the Nabucco West consortium, which had backed a route to Austria. The project reflects a European Union push for alternatives... Read More

Is TAP only realistic option for Azerbaijan’s gas supply?

Is TAP only realistic option for Azerbaijan’s gas supply? Trans Adriatic Pipeline (TAP) provides the only commercially and strategically realistic option of enabling gas to reach the South Eastern Europe (SEE) markets, TAP External Affairs and Communications Director, Michael Hoffmann said in interview to Natural Gas Europe. “It is important that the SEE region is well prepared in the event of a disruption in gas supply,” Hoffmann... Read More

EU wants ambitious and long-term solution to Southern Gas Corridor

EU wants ambitious and long-term solution to Southern Gas Corridor The European Union wants an ambitious and long-term solution to the Southern Gas Corridor and wants to see unified transportation framework for the shipping the Shah Deniz-2 gas, off other prospective Azerbaijani gas and eventually also Turkmen gas in the future, head of the EU delegation to Azerbaijan, Ambassador Roland Kobia said at a press conference in Baku on March, 06, 2012. Kobia... Read More

Will TANAP replace Nabucco project?

Will TANAP replace Nabucco project? Azerbaijan-Turkish Trans Anatolian Pipeline (TANAP) with initial capacity of 16 billion cubic meters, can be expanded and replace the Nabucco project to transport natural gas only to the EU, Anadolu agency quotes the European Commission’s report sent to member countries’ partners on the energy sector. The European Commission said the EU needs a pipeline to transport Azerbaijani gas to Europe through... Read More

US is confidence in Nabucco feasibility faltering

US is confidence in Nabucco feasibility faltering Full implementation of the Nabucco gas pipeline project becomes less likely every year, a US State Department official was quoted by Russian RIA Novosti news agency as saying. ” It has become clear that it is more difficult to implement the project from the financial and temporal points of view,” Richard Morningstar, US Special Envoy for Eurasian Energy, told a conference, “Natural... Read More

Azerbaijan Economy in 2012; expectations and challenges

Azerbaijan Economy in 2012; expectations and challenges Official forecasts for Azerbaijani economy in 2012 seem quite optimistic. According to Ministry of Economic Development reports although downturn in world economy. The Government of Azerbaijan (GoA) targets 5,7 % GDP Growth in 2012 meanwhile The Central Bank’s monetary policy is announced keeping inflation to single digits. Meanwhile, International Monetary Fund (IMF) projected at 7,1 % Azerbaijan’s... Read More

Is there optimism for Nabucco?

Is there optimism for Nabucco? The Nabucco project is optimistic about a decision by the consortium developing Azerbaijan’s Shahdaniz gas field to select a pipeline for Azerbaijani gas exports to Europe, Nabucco Gas Pipeline International GmbH Managing Director Reinhard Mitschek said in an interview with the Baku-based Trend news agency. “We are optimistic that the partners in the Shahdaniz consortium will make a decision as soon as possible,”... Read More

EU to welcome any decision by Shah Deniz consortium

EU to welcome any decision by Shah Deniz consortium The European Commission will welcome any decision by the consortium of Azerbaijani Shah Deniz gas condensate field development for the selection of the pipeline route, EU Commissioner for Energy Günther Oettinger said at the Edison event in Brussels. Oettinger said the first success of Southern gas Corridor policy will come when Shah Deniz consortium names its preferred pipeline option for their... Read More

TAP open for shareholders in Shah Deniz consortium

TAP open for shareholders in Shah Deniz consortium Trans Adriatic Pipeline (TAP) project is open to shareholders in consortium of Azerbaijani Shah Deniz gas condensate field development, Managing Director of Trans Adriatic Pipeline AG, Kjetil Tungland told to leading European think-tank Friends of Europe in an interview. “We continue to remain open to other potential shareholders in Shah Deniz consortium including SOCAR, BP, and Total,”... Read More