Gordon Birrell, BP Regional President for Azerbaijan, Georgia and Turkey noted that Azerbaijan had arrived at right choice by selecting TAP: ‘The project is a strategic and Azerbaijan will become new gas producer of Europe with this pipeline’.
Birrell also noted that during the selection the aspects such as finance and commerce, safety, transparency, productivity and design have been considered: ‘Initial 10 bcm of gas will be delivered to Europe via this pipeline. The project will cause establishment of additional gas infrastructure. The gas fields like Shafag-Asiman will increase gas transportation from Azerbaijan to Europe’.
Speaking about investing in Shah Deniz II, the BP official added that $40 bln will be invested in the second stage and this will be resulted in transportation of 16 bcm of gas. He also mentioned that a decision on investing in TAP project will be passed by year-end.
The TAP is 520 km long, which enables the transport of gas from the Caspian Sea through Greece, Albania, the Adriatic Sea and Italian region of Puglia into the Western Europe. Total cost of the project makes approximately $2.2 bln. Annual capacity of the pipeline would make 10 bcm, in the future – 20 bcm.
At present time, the project has 3 shareholders: Swiss Axpo (42.5%), Norwegian Statoil (42.5%) and German E.ON Ruhrgas (15%) companies.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
