Partners on Shah Deniz project opt out of SEEP project

Azerbaijan, Baku, June 28 /Trend/ The partners in the Shah Deniz project have defined the Nabucco West gas pipeline as a potential route for exporting Azerbaijani gas to Central Europe and opted out of the SEEP project proposed by BP, Bloomberg writes. Thus, the partners on the project continue to consider two options for possible gas export routes - Nabucco West and the Trans Adriatic Pipeline (TAP). Earlier, participants of the project refused from ITGI project. Nabucco is one of the Southern Gas Corridor projects, which is designed to transport gas from the Caspian region and Middle East to the European countries. The current shareholders of Nabucco project are Bulgarian Energy Holding, Romanian Transgaz, Turkish Botas, Austrian OMV, German RWE and Hungary's FGSZ. Nabucco West is designed to deliver gas to Central Europe, and TAP - to Italy and later to Western Europe. TAP is one of the Southern Gas Corridor projects, designed to transport gas from the Caspian region via Greece and Albania and across the Adriatic Sea to southern Italy and further into Western Europe. The current shareholders of TAP project are EGL of Switzerland (42.5 percent), Norway's Statoil (42.5 percent) and E.ON Ruhrgas of Germany (15 percent). The total length of TAP is about 800 kilometers. The initial pipeline capacity of TAP will be 10 billion cubic metres per year, expandable to 20 billion cubic metres per year. Gas reserves of Shah Deniz field are estimated at 1.2 trillion cubic meters. The contract to develop the offshore Shah Deniz field was signed on June 4, 1996. Participants to the agreement are: BP (operator) - 25.5 per cent, Statoil - 25.5 per cent, NICO - 10 per cent, Total - 10 per cent, LukAgip - 10 per cent, TPAO - nine per cent and SOCAR-10 percent. Do you have any feedback? Contact our journalist at agency@trend.az