EU ROUND UP – AZERBAIJAN GAS DEAL SEALED
January 1st, 2014
THE FINAL investment deal on piping gas from Azerbaijan’s Shah Deniz II field has been struck, confirming Europe will receive 10 billion cubic metres (bcm) annually from 2019. The gas will be shipped via the upgraded South Caucasus Pipeline through Georgia and the new TANAP pipeline across Turkey, linking with the planned Trans-Adriatic Pipeline (TAP) through Greece and Albania to Italy. The costs of building and upgrading pipelines and developing the gas field will be around Euro EUR30 billion. BP is a major member of the Shah-Deniz-II-Consortium. Nine ...
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