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Azerbaijan conducts assessment of potential pipelines for export of natural gas to Europe

12 September 2011 11:55 (UTC +04:00)

To him, at present, negotiations process on the three pipelines is underway: â€œThe sides have already sent their proposals to Azerbaijan. But there are a lot of issues to be exacted. We have not opportunity to select any pipeline with indefinite questions. That is why, we must know the tariffs such investment period of pipelines, launching period, their transit conditions and etc. and these are the factors, which can influence on investments to big gas projects such as ShahDaniz, Absheron, Azeri-Chriag-Gunashliâ€.

Note that, Nabucco Gas Pipeline International GmbH consortium is established for the construction of Nabucco pipeline, which would bring Caspian gas to Central Europe via Turkey and the Balkans. Currently, the Nabucco Gas Pipeline International Ltd. includes 6 companies - OMV (Austria), MOL (Hungary), Transgaz (Romania), Bulgargaz (Bulgaria), BOTAS (Turkey), RWE Gas Midstream (Germany). Shareholders will fund one third of the cost, the rest - the financial and credit institutions. The annual throughput capacity of Nabucco, a length of more than 3,300 km, will be 31 billion cubic meters.

Note that, the Trans Adriatic Pipeline length of 520 km is intended to transport gas from the Caspian region and Middle East to Europe. The pipeline will begin in Greece, will pass through the territory of Albania and the Adriatic Sea to Italy and later in Western Europe. Construction of the project will be financed by its shareholders, EGL, Statoil and E. ON Ruhrgas. According to preliminary estimates it will take 1.5 billion euros.

ITGI Transport Corridor includes an updated Turkish pipeline infrastructure, as well as projects ITG (Interconnector Turkey-Greece) and IGI (Greece-Italy). Companies Edison (Italy) and Depa (Greece) for the design and construction of the pipeline IGI, known as Poseidon, created IGI Poseidon SA The planned capacity of pipeline is 11 ITGI billion cubic meters annually, of which 3 billion cubic meters is going to get Greece and 8 billion cubic meters - Italy.

Remind that, the reserves of ShahDaniz are estimated at 1.2 trillion cubic meters. Mining is currently being implemented in four wells. The partnership for development of ShahDaniz" includes: BP (operator - 25,5%), Statoil (25,5%), SOCAR (10%), Lukoil (10%), NICO (10%), Total (10%) and TPAO (9%).