According to him, EBRD’s participation in financing of these projects will be discussed.
Note that the Shah Deniz Stage 2 project will bring gas from the Caspian Sea to markets in Turkey and Europe, opening up the ‘Southern Gas Corridor’. Shah Deniz Stage 2 is expected to add a further 16 billion cubic meters per year (bcma) of gas production to the approximately 9 bcm from Shah Deniz Stage 1.
TAP: The shareholder structure of the Trans Adriatic Pipeline project comprises of Swiss Axpo (42.5%), Norwegian Statoil (42.5%) and German E.ON (15%).
TANAP: The Trans Anatolian Pipeline was already chosen in June 2012. The shareholder structure is: Turkish Botas and TPAO (20%), Socar from Azerbaijan (80%).
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