Trend: Statoil: TANAP could be 'viable alternative' to Nabucco

Azerbaijan-Turkish Trans Anatolian gas pipeline (TANAP) could be a "viable alternative" to the European-backed Nabucco project, Bloomberg reported with the reference to President of Statoil Azerbaijan Lars Sorensen.

Norwegian Statoil is one of the partners in consortium of Azerbaijani Shah Deniz gas field development, which has a 25.5-percent stake in it. The contract to develop the offshore Shah Deniz field was signed on June 4, 1996. Other participants of the agreement are: BP (operator) -- 25.5 per cent, NICO -- 10 per cent, Total -- 10 per cent, LukAgip -- 10 per cent, TPAO -- nine per cent and SOCAR-10 percent.

Azerbaijan and Turkey signed a memorandum of understanding to establish a consortium that will build a gas pipeline to supply gas from the Shah Deniz field to Europe through the Turkish territory. At present, BOTAS has a 20 percent stake in TANAP, and the State Oil Company of Azerbaijan (SOCAR) -- 80-percent share.  MORE

If you cannot read this article, it is because you are not yet a subscriber. Sign up today to read and access our substantial archive of content! (Not applicable to Global Gas Perspectives)


Natural Gas World welcomes all viewpoints. Should you wish to provide an alternative perspective on the above article, please contact editor@naturalgasworld.com

Kindly note that for external submissions we only lightly edit content for grammar and do not edit externally contributed content. 

POLICY ON COPYRIGHT & REPUBLICATION POLICY

 

We use cookies to ensure that we give you the best experience on our site. If you continue we assume that you understand and accept to receive cookies from this website. Dismiss