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Caspian Oil & Gas Conference - Completion of TANAP significant event for Azerbaijan, Turkey & Europe - Turkish envoy

Completion of TANAP significant event for Azerbaijan, Turkey & Europe - Turkish envoy
28.11.2019

The completion of the Trans-Anatolian Pipeline (TANAP) is a very significant event for Azerbaijan, Turkey and Europe, Turkish Ambassador to Azerbaijan Erkan Ozoral told reporters on the sidelines of the event dedicated to the opening of the Embassy of the Slovak Republic in Baku, Trend reports.

"The opening ceremony of TANAP-Europe connection will be held on November 30 in Ipsala. This means that the construction of TANAP is fully completed and Azerbaijani gas reaches Europe. This is a very significant event for Azerbaijan, Turkey and Europe," the ambassador said.

"We have always said that Azerbaijan will make a great contribution to ensuring the energy security of Europe thanks to TANAP and the Southern Gas Corridor as a whole. This is already a reality," Ozoral added.

In his words, the construction of the Trans Adriatic Pipeline (TAP) is nearing completion, and next year Europe will receive another important alternative source of gas.

The opening ceremony of TANAP-Europe connection will be held in Ipsala, Edirne province of Turkey, on Nov. 30, 2019.

In this area, near the Greek border, TANAP is connected to the Trans-Adriatic Pipeline, through which natural gas from Azerbaijan will be delivered to European countries.

Opening ceremony of TANAP's Georgian-Turkish border-Eskishehir section took place on June 12, 2018, in the Turkish province of Eskisehir, and commercial gas deliveries to Turkey began in late June 2018.

The volume of gas transportation to Turkey via TANAP has reached 3.08 billion cubic meters (bcm) since the start of commercial gas supplies on June 30, 2018, as of late October 2019.

The initial capacity of TANAP, which is the main segment of the Southern Gas Corridor, is 16 billion cubic meters of gas.

Around six billion cubic meters of this gas will be supplied to Turkey while the remaining volume - to Europe. After the completion of the Trans Adriatic Pipeline (TAP) construction, gas will be supplied to Europe in early 2020.

The share distribution of TANAP shareholders is as follows: Southern Gas Corridor CJSC - 51 percent, SOCAR Turkey Enerji - 7 percent, Botas - 30 percent, BP - 12 percent.

AzerNews, 28.11.19

TITL:US welcomes Bulgaria’s aspirations to become gas hub

TEXT:The US welcomes Bulgaria’s aspirations to become a regional natural gas hub by completing the Interconnector Greece-Bulgaria (IGB), which envisages transportation of Azerbaijani gas to Bulgaria, reads the joint statement released by the Bulgarian Prime Minister and the US President after the White House meeting, Trend reports with reference to the White House.

“We welcome Bulgaria’s aspirations to become a regional natural gas hub by completing the Interconnector Greece-Bulgaria, taking a stake and booking capacity in Greece’s Alexandroupolis floating storage and regasification unit, liberalizing its domestic gas market, expanding gas storage capacity and access, working with Serbia to build another interconnector, and investing in the reverse flow capacity of the Trans Balkan Pipeline to diversify Eastern Europe’s gas imports in compliance with the rules of the European Union. These steps together will significantly enhance Bulgaria’s energy security, lower energy costs for the Bulgarian consumer, and make Bulgaria an energy leader in the region,” reads the statement.

The United States and Bulgaria understand that energy security is national security, said the statement.

“We underline our common understanding that the diversification of energy sources is a guarantee of energy security, independence, and competitiveness for our economies.”

IGB is a gas pipeline, which will allow Bulgaria to receive Azerbaijani gas, in particular, the gas produced from Azerbaijan's Shah Deniz 2 gas and condensate field. IGB is expected to be connected to TAP via which gas from the Shah Deniz field will be delivered to the European markets.

The Interconnector Greece-Bulgaria project envisages a two-stage development.

In the first stage, the pipeline capacity will be 3 billion cubic meters of gas, of which 2.7 billion cubic meters will be offered for the long-term market, the remaining share of 0.3 billion cubic meters in the short term.

In a second phase, also depending on the evolution of the market, the capacity of the pipeline can be increased to 5.3 billion cubic meters of gas thanks to the addition of a compression station: 4.5 billion cubic meters of gas 0.5 billion cubic meters of short-term gas will be offered for long-term products.


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