Transadriatic pipeline TAP, Georgia Oil and Gas

European Investment Bank to allocate 932 million euros for the construction of the TANAP pipeline.

The European Investment Bank (EIB) will allocate 932 million euros for the construction of the Trans-Anatolian pipeline (TANAP), according to the message of the bank.

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European Commission to allocate about 2 million euros for gas projects in Azerbaijan

The European Commission will allocate more than 1.8 million euros for projects implemented to supply Azerbaijani gas to Europe. This is stated in a message on the EC website.

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SOCAR: Deal on TANAP will be completed by the end of 2017

By the end of 2017, SOCAR Turkey will complete the acquisition of a 7% stake in the Trans-Anatolian pipeline (TANAP) project. This was stated by the head of the company Zaur Gakhramanov.

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Prime Minister of Georgia and BP’s head disucss extension of South Caucuses gas pipeline

The Prime Minister of Georgia Giorgi Kvirikashvili has met with chief executive of BP Robert Dudley on the margins of the World Economic Forum in Davos.

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Over 50% of works are complete by Shakh-Deniz project

​Over 50% of works are complete by the Shakh-Deniz-2 project, the Minister of Energy of Azerbaijan, N. Aliev, said.
A large-scale work on the expansion of the South Caucasus gas pipeline has been held.
Over 20% of the pipeline has been constructed. The construction of compressor stations in Georgia has started. We repeatedly reported that the works are held ahead the schedule. The process of pipes shipment for the TANAP is over and the welding works have started. In 2016 it is planned to start the construction of TAP, Aliev said.
He said that possible problems that might arise in the process of realization will be discussed at the meeting.

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Turkey focuses on Azeri gas and TANAP

In September, after the President of Turkey, R. Erdogan, Azerbaijan was visited by the new Premier of Turkey A. Davutoglu. He coordinated his visit with the ceremony of laying of the foundation of TANAP that will transport gas from the Azeri Shakh-Deniz deposit to Europe. The project was presented as broadening of the active pipeline Baku – Tbilisi – Erzurum within the South gas corridor. The laying of the foundation was nominal because Azeri gas will be transported via TANAP to Erzurum with the use of the active capacities. The work for adjustment of the active pipeline for transporting of the additional volumes should start on April 1st 2015.

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Gas perspectives of Azerbaijan

A more favorable situation is taking place in the Azerbaijani gas industry in the long-term perspective as compared with the oil sector. The key expectations are connected with implementation of the second stage of the Shah-Deniz project with total volume of investments in the amount of up to $45 billion by the end of 2018, for which the export infrastructure in the European direction is created.
At the same time, in the medium-term perspective the total production of natural gas in the country will be stabilized at the level of no more than 30 billion cubic meters because of insufficient free producing capacities. The situation is unlikely to be changed by planned increase of the production within the first stage of the Shah-Deniz to 10.4 billion cubic meters in the current year, and fall of producing wells’ yield may amend this plan. The total production of commercial gas won’t exceed 19 billion cubic meters.
As a comparison, in 2012, 26.9 billion cubic meters were extracted in the country (including 7.73 billion cubic meters from the Shah-Deniz), 17.2 billion cubic meters of which fell on commercial gas. On the results of 2013, the total production is preliminary estimated by SOCAR at 29.5 billion cubic meters.

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