The Trans Adriatic Pipeline (TAP) is selected by the Shah Deniz Consortium engaged in the development of Azerbaijani gas condensate field Shah Deniz in the Caspian Sea, as a route for transporting its gas to European markets, BP President for Azerbaijan, Georgia and Turkey Gordon Birrell told to journalists, SIA reports.
The Consortium confirmed that the TAP has been selected to transport Shah Deniz -2 gas to Europe at a press conference on Friday. The TAP project with initial capacity of 10 billion cubic meters of gas per year will be connected to the Trans Anatolian gas pipeline (TANAP), which envisages the construction of a pipeline from the eastern border of Turkey to the country's western border to supply gas from the Shah Deniz field to European markets through Turkey.
Gordon Birrell spoke about the TAP is an important project. He said President of Azerbaijan Ilham Aliyev and President of the European Commission Jose Manuel Barroso signed a document, which confirmed the possibility of transporting Azerbaijani gas to Europe.
"Achievement of important results in this direction was confirmed once again a few days ago in Brussels. We see how Azerbaijan is becoming a European supplier of gas," Birrell said.
He went on to say that Azerbaijan has demonstrated itself as a reliable partner by pumping 2.3 billion barrels of oil via the Baku-Tbilisi-Ceyhan oil pipeline.
"In the last two years, we have been considering various options for pipelines and have made the right choice. We have been looking within two years for various aspects, including technical, financial and security issues as well as the possibility of extension. With great confidence we start acting towards the implementation of the Southern Gas Corridor," Birrell said.
There will be an increase in gas production from other fields in Azerbaijan in the future, which will cause a need for new interconnectors and new infrastructure, he said.
Birrell said that BP is working closely with Azerbaijan on the Trans-Anatolian gas pipeline project (TANAP).
According to him, some $40 billion will be invested in the realization of Shah Deniz-2 and enabling gas deliveries to Europe.
The Shah Deniz-2 project involves extraction of additional 16 billion cubic meters of gas from the field.
President of SOCAR (State Oil Company of Azerbaijan) Rovnag Abdullayev, in turn said, a serious step has been taken for the delivery of Azerbaijani gas to Europe.
"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.
Managing Director at TAP Kjetil Tungland highly appraised the decision.
"I am very pleased that the selection to transport Shah Deniz II gas to Europe has been made in favour of the TAP pipeline," he said in the stamen released today. "This is the first and important step in opening up the Southern Gas Corridor and, as we look ahead, the Southern Gas Corridor will have a major role to play in Europe's energy security and ensuring the diversification of gas supplies to Western and South Eastern European markets."
He said that he is impressed with the results TAP has achieved.
"Over the next few months, we will continue to work hard with the Shah Deniz Consortium to ensure that they are able to take a successful final investment decision later this year. Finally, I would like to conclude by taking this opportunity to sincerely thank all those who have supported TAP over the past number of years in enabling this historic and geo-strategic project to be selected and to commend the Shah Deniz Consortium for carrying out a fair and transparent selection process."
Commenting on the decision, Nabucco Gas Pipeline International GmbH announced that it regrets that the new gas highway to Europe as planned will not be realized for the 10 bcm of gas from the Shah Deniz fields.
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