Bank Of Baku

Process of selection of route for transportation of Azeri gas to Europe to be completed next year

Process of selection of route for transportation of Azeri gas to Europe to be completed next year
# 12 December 2011 08:53 (UTC +04:00)
Note that, Shah Deniz consortium considers 4 transportation projects related to transportation of Azerbaijani gas to Europe. These are – Nabucco, TransAdriactic Pipeline (TAP)and ITGI, as well as South European pipeline, submitted by BP.

“Currently, the main commercial and technical proposals submitted by operator companies are being studied. This process will be finished in Q1, 2012”, said Abdullayev.

Besides, SOCAR President refused the forecasts on non-realization of Nabucco project: “I do not know on what basis they forecast it. Nabucco project is on the stage of consideration together with TAP and ITGI projects”.
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THE OPERATION IS BEING PERFORMED