U.S : Pipeline decision makes great contribution to Southern Gas Corridor development

U.S : Pipeline decision makes great contribution to Southern Gas Corridor development

The United States sees the importance of the Southern Gas Corridor, said in statement of Acting Deputy Spokesperson of Department of State Patrick Ventrell.

 

"Today, the consortium developing Azerbaijan's Shah Deniz gas field announced its selection of the Trans-Adriatic Pipeline (TAP) to deliver its gas to Europe. This is a major accomplishment for Azerbaijan and a major step forward in implementation of the Southern Gas Corridor, which will deliver Caspian gas to European consumers", Ventrell said.

 

The Southern Corridor, which will include an expansion of the South Caucasus pipeline across Azerbaijan and Georgia and the Trans-Anatolian pipeline across Turkey, will bring a new source of gas supply to Europe, a goal the United States strongly supports, said in a statement, published on official website of Department of State.

 

"This reflects Europe's efforts to diversify its energy resources, including the bold steps toward competition and trade embodied in the EU's Third Energy Package, an important set of regulatory measures issued in 2009. The selection of TAP as the means to link Caspian gas to Europe is another important step in the process of advancing Europe's energy security and promoting competition in the supply of energy resources", Ventrell added.

 

"While the Southern Gas Corridor focuses on supplies to Europe, it also represents an important contribution to global energy security. By bringing Caspian gas to international markets, this initiative will contribute to meeting global energy demand, which is critical to sustaining economic growth. The United States sees the importance of the Southern Gas Corridor in this wider context", said in statement.

 

The United States congratulate the Government of Azerbaijan and the Shah Deniz consortium on achieving this important milestone.

 

The TAP project is designed to transport gas from the Caspian via Greece and Albania across the Adriatic Sea to the south of Italy and further to Western Europe.

 

Gas extracted during the second phase of development of the Azerbaijani Shah Deniz gas condensate field is considered to be the pipeline's main source of gas.

 

TAP's initial pipeline capacity will be 10 billion cubic metres per year, but it is easily expandable to 20 billion cubic metres per year. TAP's shareholders are AXPO of Switzerland (42.5 per cent), Norway's Statoil (42.5 per cent) and E.ON Ruhrgas of Germany (15 per cent).

 

Construction of TAP is expected to start in 2015.

 

Nabucco West was the second pipeline, which competed for the transportation of Azerbaijani gas to Europe.

 

 

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05.07.2013

 

 

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