By Leman Zeynalova: Approximately 95 percent of the total 55,000 pipes to be used for the construction of the Trans Adriatic Pipeline (TAP) have been received in Greece, Albania and Italy, said the message from TAP AG. The last shipment of offshore line pipes has been offloaded in Brindisi, Italy, between 3 and 6 September […]
Albania’s Energy Ministry on Friday presented a feasibility study for a 618-million-euros gas corridor between Albania, Bosnia and Croatia, which it hopes the EU and US will support. Albania’s Ministry of Energy on Friday in Tirana unveiled a preliminary feasibility study for a proposed Ionian-Adriatic gas pipeline, hoping the EU may fund construction of the […]
The countries involved in the construction of the Ionian-Adriatic Pipeline (IAP), Albania, Montenegro, Bosnia and Herzegovina and Croatia count on the support of the European Union and the United States. The remarks were made during the meeting of the Project Management Unit for IAP project held in Tirana. Addressing the event, Albania’s Energy Minister Damian […]
The World Bank’s board of directors approved loans of $400 million each for Turkey and Azerbaijan, for the Trans-Anatolian Natural Gas Pipeline (TANAP) project late Tuesday, December 20, Anadolu Agency reports. The loans will be supplied through the World Bank’s subsidiary, the International Bank for Reconstruction and Development (IBRD). Turkey’s Petroleum Pipeline Corporation (BOTAS) will […]
Four western Balkans nations signed a memorandum of understanding with Azerbaijan state Socar on co-operation on building the Ionian Adriatic pipeline (IAP) on the sidelines of a Dubrovnik forum 25-26 August. The declaration of intent to develop the 5bn m³/year line was originally signed in 2007 by Croatia, Montenegro and Albania. The length of the […]
Azerbaijan’s state energy company Socar is running into problems concerning its stake in Greece’s natural gas grid operator, Desfa, with the Greek parliament expected to vote imminently for a crucial change concerning the value of Desfa. As a result, Socar is expected to send a delegation of senior officials to hold talks in Athens this […]
SUMMARY World Bank set to fund Azerbaijan and Turkey part of Southern Gas Corridor to Europe Concerns raised over significant risks due to geopolitical context, fossil fuel dependency Defined as “the biggest infrastructure project of our times“ by the European Commission and a priority for the European Union, the Southern Gas Corridor was always going […]
Expenditures of the Southern Gas Corridor CJSC within the framework of the Trans Anatolian Natural Gas Pipeline (TANAP) construction project will exceed $6 billion, a senior official of the Azerbaijan’s state oil company SOCAR told Trend. “Expenditures of the Southern Gas Corridor CJSC, the main share in which belongs to the government of Azerbaijan will […]
Azerbaijan is enhancing its role in improving the energy security of Europe and strengthening its position in the European energy markets. Azerbaijan hosted the 23rd International Oil and Gas Exhibition titled “Caspian Oil and Gas 2016” from June 1-4, when more than 400 participants from 30 countries took part in the event held in Bakuunder […]
Onshore construction activities within the Trans Adriaric Pipeline (TAP) project will commence in parallel in all the host countries during the summer of 2016, while offshore construction will take place in the winter of 2017/2018. The source said that TAP’s construction activities are progressing in line with the project schedule. “Following TAP’s construction inauguration ceremony […]