Thursday, June 20, 2024
 
 

EU’s Gas Lifelines TAP, TANAP Coming

- Advertisement -

ATHENS – Both the Trans Adriatic Pipeline (TAP) and the Trans Anatolian Pipeline (TANAP) will be completed in time for gas from the Caspian region to be supplied to Europe, BP Vice President for Southern Corridor John Baldwin told New Europe on 13 March.

“The whole thing is governed by a series of legal agreements between all the companies and all the shareholders involved. Both TANAP and TAP are pipeline companies; there are gas transportation agreements which obviously – these legal agreements all have various requirements in them,” he said on the sideline of the Athens Energy Forum 2014.

Baldwin also said the additional gas supplies provided through the Southern Gas Corridor “will have an impact” on the energy market of the Balkan countries some of which rely on only one source for their gas supplies.

“We have sold 1 bcm (billion cubic metres) of gas to Bulgaria,” he said. More countries in the Balkans could get gas from the Southern Corridor “in time”. The potential is there,” he said.

TAP will open the new Southern Gas Corridor to Europe and establish a new market outlet for natural gas from the Caspian Sea and beyond. TAP will transport gas from the Caspian region via Greece and Albania and across the Adriatic Sea to Southern Italy and further into Western Europe. The project is aimed at enhancing security of supply as well as diversification of gas supplies for the European markets.

Meanwhile, Russia is pushing ahead with the construction of the South Stream project, which envisages the construction of four gas pipeline strings under the Black Sea, to transport Russian gas to Europe, bypassing Ukraine. They will be laid from the Russkaya main compressor station that will be constructed on the Russian coast to the Pasha Dere receiving terminal on the Bulgarian coast near Varna. The gas pipeline will run through Bulgaria, Serbia, Hungary and Slovenia to northern Italy. Gas pipeline branches will be constructed from Serbia to Croatia and Republika Srpska (within Bosnia and Herzegovina). In addition, the possibility of constructing a gas pipeline branch to FYROM is being considered.

Simone Tagliapietra, research fellow at Italy’s Fondazione ENI Enrico Mattei, told New Europe on 13 March in Athens that the current situation in Ukraine is not directly affecting the Italian market at least over the short term because of the seasonality and because of the levels of storage. “Today as Italian energy natural gas system, I think we will not be directly impacted by any occurrence in Ukraine. In the future, I think the South Stream pipeline and TAP are not competing. They are very different scales so the volumes from TAP are far less than the ones of South Stream. So they will just be complimentary in the market,” he said.

He reminded that the policy of the European Commission is to diversify away not only from Russia but generally from the few suppliers that Europe has. “Diversification is an overall policy not just concerning the Southern Corridor, the diversification away from Russian supplies. It’s an overall policy regarding also LNG (liquefied natural gas),” he said.

follow on twitter @energyinsider

- Advertisement -

Subscribe to our newsletter

Co-founder / Director of Energy & Climate Policy and Security at NE Global Media

Latest

European election results show EU is at an inflection point

A few days after the European Parliament elections, Marilena...

The UK Economy – Another Twist in The Tale

Around the world most nations have been trying to...

G7 Summit focuses on Ukraine support and shattering Russia’s wartime economy

Despite this week’s top punditry (itself nearly indistinguishable from...

Genocide Rears its Ugly Head in Sudan’s Brutal War

The UN Security Council has called for a halt...

Don't miss

European election results show EU is at an inflection point

A few days after the European Parliament elections, Marilena...

The UK Economy – Another Twist in The Tale

Around the world most nations have been trying to...

G7 Summit focuses on Ukraine support and shattering Russia’s wartime economy

Despite this week’s top punditry (itself nearly indistinguishable from...

Genocide Rears its Ugly Head in Sudan’s Brutal War

The UN Security Council has called for a halt...

Trans-Caspian International Transport Route platform launched in Astana

In a major step forward for regional transport coordination,...

European election results show EU is at an inflection point

A few days after the European Parliament elections, Marilena Raouna, Cyprus’ Deputy Minister for European Affairs, sat down with NE Global on the sidelines...

G7 Summit focuses on Ukraine support and shattering Russia’s wartime economy

Despite this week’s top punditry (itself nearly indistinguishable from AI) on the latest G7 decisions as exhibited by the “instant experts” on global issues...

Berlin Ukraine Recovery Conference

Although partially overshadowed by urgent Ukrainian requests for emergency help with its immediate air defense needs, as well as political shockwaves emanating from the...

World Oceans Day calls for action to protect coastal communities and marine ecosystems

UN World Oceans Day, which is officially on June 8, was celebrated on June 7 at UN Headquarters in New York, focusing on protecting...

U.S.-Kazakhstan Enhanced Strategic Partnership Dialogue deepens political and economic ties

The sixth annual United States-Kazakhstan Enhanced Strategic Partnership Dialogue (ESPD) was held in Washington D.C. on May 31.The U.S.-Kazakhstan Enhanced Strategic Partnership Dialogue was...

Interview: EU and Turkmenistan are getting closer

NE Global sat down exclusively with Sapar Palvanov, Ambassador of Turkmenistan to the Kingdom of Belgium, also accredited as the head of the Mission...

Azerbaijan, Kazakhstan, Uzbekistan open path for integrating energy systems with the EU

On May 1, during the Tashkent International Investment Forum in Tashkent, Azerbaijan, Uzbekistan and Kazakhstan signed a memorandum of cooperation on merging the energy...

COP29 in Azerbaijan to focus on peace, climate finance, green issues

During this year’s United Nations climate conference COP29, host-country Azerbaijan will strive to act as a bridge-builder between all members of the international community,...