Azerbaijan to reach Asia-Europe gas pipeline decision in March

12 December 2011 19:31  [Source: ICIS news]

LONDON (ICIS)--Azerbaijan will not make a decision on an Asia-to-Europe pipeline tender for carrying gas from the second phase of its Shah Deniz field until March 2012, the State Oil Co of Azerbaijan (SOCAR) said on Monday.

SOCAR had previously suggested the winner of the tender would be announced before the end of this year.

Bids have been submitted by the EU-backed Nabucco Turkey to Austria link, the ITGI (Interconnector Turkey-Greece-Italy) consortium, the TAP (Trans-Adriatic Pipeline) consortium, as well as the SEEP (South East Europe Pipeline) venture of Shah Deniz operator BP, which would run from Turkey to the Romanian-Hungarian border.

Approximately 16bn cubic metres/year (cbm/year) of gas should be sourced from the Shah Deniz II field by the winning bidder, according to SOCAR.

All the projects aim to reduce Europe's reliance on Russia for gas by using a Southern Gas Corridor that would transport Azeri gas to Europe's doorstep via Turkey.

By: Will Conroy
+44 20 8652 3214

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