Turkey is gloing to buy a share in the trans-Adriatic pipeline (TAP) with help of state-run BOTAS pipeline company or any other copmpany, Turkish Sabah newspaper wrote yesterdcay quoting Turkish Minister of Energy and Natural Resourcs Taner Yildiz.
"TAP consortium has earlier offered BOTAS 15% share in the prokect. We are going to think about this proposal," Minister said.
He said another gas pipeline project Nabucco is still considered important and Turkey considers its implementation.
"Considering growing demand of the European Union in natural gas, Turkey is confident that Nabucco project will be implemented," Yildiz said.
He added that Nabucco and TAP projects are not competitors, on the contrary they could supplement each other.
On June 28, 2013 the consortium developing Shah-Deniz field with the gas resources of 1.2 trillion cub.m. announced selection of TAP as the route for transportation of its gas to the European markets. TAP initial capacity will be 10 billion cub.m. a year with the possibility of expanding up to 20 billion cub.m. a year.
At present TAP shares are distributed as following: BP (20%), SOCAR (20%), Norwegian Statoil (20%), Belgian Fluxys (16%), French Total (10%), German E.ON (9%) and Swiss Axpo (5%).
Commenting on the statement of the Turkish Minister, the Azerbaijan Centre of Oil Studies told Turan that "it is difficult for the Turkish companies to join TAP now." The Centre believes that the proposal was made to Turkey before selection of TAP by the Shah-Deniz consortium. That time TAP has made the proposal to Turkey to get advantage over its competitor - Nabucco-West project. "However, the Turkish officials did not make a decision that time, because Turkey was still a partner of Nabucco project and expected it to win," said the same source. The Centre believes that the shares have been divided in the TAP consortium. On the other hand, at the current stage the commercial price of joining the project is different, or to be more precise it is higher.-0--
Economics
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