There are companies among the shareholders of the trans-Adriatic gas pipeline (TAP) that are interested in sale of their shares to the Italian gas transportation company Snam, Snam Executive Director Carlo Malakarne told Italian newspaper Corriere Dela Sera.
He said 20% share in the project will cost about $400 million.
“The price corresponds to the current situation at the market. We will not see increase in gas consumption in Europe till 2030. It is necessary to replace the current production on the old fields by the new sources,” Malakarne said.
He added that Europe must not reduce gas import from Russia, but it should look for new partners for import.
“We must import gas from such places as the Caucasus, Iran in the future and North Africa,” Malakarne said.
TAP is a part of the Southern Gas Corridor, which will allow Europe diversifying the sources of hydrocarbon deliveries and improving energy safety, while Azerbaijan will be able to get a new market in the face of Europe. Azerbaijani gas will open the Southern Gas Corridor.
TAP shareholders include BP (20%), SOCAR (20%), Statoil (20%), Fluxys (19%), Enagas (16%) and AXPO (5%). –0--
Economics
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The first Russian-Iranian joint LNG plant is planned to be built in the Chelyabinsk region by 2027, as reported by Nikolai Isakov, Vice President and Executive Director of the Russian Gas Society. The joint venture will be developed by Kriogaz Chelyabinsk (Russia) and North-South Corridor Development Group (Iran).
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The Southern Gas Corridor (SGC) will expand by at least 1.2 billion cubic meters per year starting from January 2026, thanks to the capacity increase of its European segment, the Trans Adriatic Pipeline (TAP). By this time, the potential for transporting a blend of hydrogen with other low-carbon gases through TAP is expected to become clearer.
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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