30.12.2014 Views

Caspian Report - Issue: 08 - Fall 2014

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

MANFRED HAFNER<br />

28<br />

by the Shah Deniz consortium, 24<br />

of the total 10 bcm/year destined<br />

to reach the European market via<br />

TANAP and TAP, around 1 bcm/year<br />

will go to buyers intending to supply<br />

to each of Bulgaria and Greece and<br />

the rest will go to buyers intending<br />

to supply Italy and “adjacent market<br />

hubs”. This last part of the sentence<br />

THE PIPELINE-TANDEM TANAP-TAP CERTAINLY<br />

REPRESENT THE FIRST, HISTORICAL, CONCRETIZATION<br />

OF WHAT OFTEN APPEARED TO BE THE “NEVER-<br />

ENDING ODYSSEY” OF THE SOUTHERN GAS<br />

CORRIDOR.<br />

seems to be particularly important,<br />

principally considering that among<br />

the nine companies that will purchase<br />

this gas in Italy, Greece and<br />

FIGURE 3<br />

Russian Gas Supplies Through Ukraine<br />

Bulgaria (Axpo Trading AG, Bulgargaz<br />

EAD, DEPA Public Gas Corporation<br />

of Greece S.A., Enel Trade SpA,<br />

E.ON Global Commodities SE, Gas<br />

Natural Aprovisionamientos SDG SA,<br />

GDF SUEZ S.A., Hera Trading srl and<br />

Shell Energy Europe Limited) there<br />

are some with important activities<br />

in Central and North West European<br />

countries.<br />

In this framework, part of the gas arriving<br />

from TAP could well be evacuated<br />

also to Central and North-West<br />

European markets, notably Austria,<br />

Germany, Switzerland, France<br />

and the United Kingdom (UK). This<br />

eventuality is reinforced by the fact<br />

that the TAP design offers various<br />

connection options to a number of<br />

existing and proposed pipelines<br />

along its route. This would enable<br />

Source: East European Gas Analysis (2013).<br />

24.<br />

“http://www.bp.com/en_az/caspian/press/pressreleases/Shah-Deniz-sales-agreements-<br />

European-purchasers.html

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!