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GAS AGREEMENTS IN SOUTH CORRIDOR CONFIRMED.

The government of Azerbaijan has ratified an agreement concluded with the Turkish government last June on the Trans-Anatolian gas pipeline (TANAP). This move has been welcomed by Energy CommissioneraGunther Oettinger, who also welcomed the agreement reached the same day between the Shah Deniz II consortium and the Nabucco consortium. TANAP, built on Turkish territory, will transport gas from the Shah Deniz II gas field in Azerbaijan to the border of Turkey and Bulgaria, where it will supply the EU via a route to be decided by the Shah Deniz consortium. Two potential routes are on the table. The first, Nabucco West, would feed the Austrian gas hub of Baumgarten after crossing Bulgaria, Romania and Hungary - its consortium also concluded a funding agreement on 18 January with Shah Deniz II. The second, the Trans-Adriatic Pipeline (TAP), would cross Greece and Albania in order to supply Azeri gas to Italy. The agreement should be ratified in the coming months.

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Publication:Europe Energy
Geographic Code:9AZER
Date:Jan 23, 2013
Words:157
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