Transadriatic pipeline TAP, Russia Oil and Gas
The EU approved the European Commission's proposal for investment of 444 million euros into European priority energy projects, according to a European Commission report.
Spanish Enagas allows the use of facilities of the Trans Adriatic Pipeline (TAP) by Gazprom for export of Russian gas to Europe, the Trend writes.
The company is considering joining the TAP project.
Analyst Alexander Pasechnik talks about the importance of Trans Adriatic gas pipeline for European gas marketEdited by vadim / 2016-05-24 08:49:27
Brussels still hasn’t let up in the development of new routes of gas supplies to Europe alternative to Russian gas transportation projects. Last week, Thessaloniki hosted a ceremony of beginning of the construction of the Trans Adriatic Pipeline (TAP). The vice-president of the European Commission Maroš Šefčovič, participated in the event, said that he considered this event as "historic", and tried to say a few words in Greek.
Nevertheless, such a pompous start doesn’t necessarily mean safe fast finish – it’s not the fact that the project will be implemented at all. The fate of canceled Nabucco may well comprehend it, for which the European Commission had high hopes. And TAP is just another interpretation of the so-called "Southern Gas Corridor", prospects of which is questionable.
Gazprom may lose almost half of its share of the Italian gas market due to the Trans Adriatic Pipeline (TAP), which on the eve of the start of building Europe, writes "Gazeta.ru,".
The publication states that TAP will allow the supply of up to 10 billion cubic meters to the south of the EU, especially in Italy, from Azerbaijan. Thus, the Europeans are trying to diversify their sources of gas supplies.
The fate of the "Turkish stream" depends on the results of the parliamentary elections in Turkey. However, according to political analysts, now the party of the Turkish President Recep Tayyip Erdogan has little chance of getting a parliamentary majority, and this makes the fate of the "Turkish stream" unpredictable, Gazeta.ru writes.
Agreement with Turkey on gas pipeline "Turkish Stream" was stored, Russian Foreign Minister Sergei Lavrov stated on Wednesday. He recalled that the President of Turkey Recep Tayyip Erdogan during his visit to Moscow on September 23 confirmed the loyalty of past decisions.
The Norwegian company Statoil intends to sell its 20-percent stake in the Trans Adriatic Pipeline (TAP).
Day.Az reports with reference to Trend that the head of SOCAR (State Oil Company of Azerbaijan) Rovnag Abdullayev stated this in an interview to the ANS TV channel.
Moscow continues to oppose the Trans-Caspian. At this time the Russian Foreign Ministry spokesman Aleksandr Lukashevich commented on the construction of the Trans-Caspian Gas Pipeline (THC), which would connect Azerbaijan and Turkmenistan, and then direct the gas flow on the Southern Corridor to the EU, bypassing Russia. According to him, Russia and Iran are now actively opposing this position, stating that the construction of such a pipeline under the Caspian Sea must enlist the support of all the countries of the Caspian region.
After 2019 it will not be possible for "Gazprom" to completely eliminate the Ukraine from the Russian gas supply scheme, even if the "Turkish Stream" project will be built, according to the experts, with reference to RBK.
The newspaper reminds that due to construction of "Turkish Stream" gas pipeline in 2019 when the current contract with the Ukrainian side ends, Gazprom is going to completely stop the transit of gas through the Ukraine. But the concern will not have time to prepare for this within the last four and a half years, the experts interviewed by the publication believe.
The commercial launch of the Eastring pipeline at the end of 2018 is similar to raising the "white flag" by the European Union. Thus the EU has to respond to an ultimatum from Russia, which has demanded to take Russian gas at the border of Greece, the expert of Novosti-Azerbaijan Fuad Alizadeh informs.
The Memorandum of Understanding between the parties of the Eastring gas pipeline project, which could stretch from the Slovak-Ukrainian border through Hungary, Romania and Bulgaria to Turkey's border with Bulgaria and Greece, would probably be signed in Riga on May 21-22 on the sidelines of the summit of the Eastern Partnership, a diplomatic source in Brussels told RIA Novosti.