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WITHIN THE FRAME OF THE EXHIBITION



Industry News

28.06.2013 09:30

Already in August fluxys to enter in TAP project not meeting political objectives of Southern Gas Corridor

The victory of Trans Adriatic Pipeline (TAP) in the fight for Azeri gas, not formally confirmed however, has led to an increase in the number of its shareholders.

TAP Pipeline consortium reports that by August it plans to complete talks begun in 2012 on accession to pipeline consortiums shareholder ranks by group Fluxys operating in 6 countries.

At that, the gas transport network allows Fluxys to carry Azeri gas to be supplied by TAP, from Italy to Switzerland and Germany.

Meanwhile, the proponents of project Nabucco West, which lost the race for delivery of Azeri gas to the EU, have already given their opinions to the export pipeline choice decision not announced yet by Shah Deniz developing consortium.

It is questionable whether TAP meets the political objectives of a southern gas corridor which was to diversify Europes sources of gas, OMV spokesman Johannes Vetter said, stressing that Italy is already a highly diversified market, receiving pipeline gas from both Russia and Algeria, as well as other sources.

European observers explain choice in favor of TAP as it is cheaper and 450 km shorter than its rival Nabucco West, demands much less investments (1.5 bn euro) and operating costs, i.e. is able to ensure lower price of Azeri gas delivery.

Fineko/abc, 27.06.2013

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