Shah Deniz consortium in Azerbaijan lead by BP and SOCAR has selected Trans Adriatic Pipeline over the ITGI (Interconnector Turkey-Greece-Italy) as the pipeline route for Caspian natural gas.
The pipeline will carry gas from Shah Deniz field located in the Caspian Sea to Italy and further to Western Europe. The negotiations on the project between TAP and the Shah Deniz partners are expected to start soon.
“We look forward to progressing the TAP project together with the Shah Deniz Consortium and the Italian, Albanian and Greek Governments” said TAP in a statement.
“ We firmly believe that TAP remains a strong contender to win the bid to transport Shah Deniz II gas to Europe. We are also confident that the TAP route to Italy offers the Shah Deniz consortium the most attractive market and the most advanced gas evacuation route, ” read the statement.
TAP will open a new so-called Southern Gas Corridor to Europe and market outlet for natural gas from the Caspian Sea region. The project is designed to expand transportation capacity from 10 to 20 bcm per year depending on throughput.
[mappress] Offshore Energy Today Staff, February 22, 2012