TANAP, TAP projects with least carbon dioxide emissions
By Sara Israfilbayova
TANAP and TAP are the projects with the least carbon dioxide emissions, Nandita Parshad, Managing Director, Energy & Natural Resources at the European Bank for Reconstruction and Development (EBRD) said.
She noted that TANAP and TAP were designed in accordance with EU standards and EBRD criteriaç Report.az informed.
“Natural gas will no longer be available for TANAP and TAP projects for countries that have not previously had access to gas. The Bank has already allocated $500 million to TANAP. Other financial institutions also funded the project. And now TAP is the center of attention,” she underlined.
TANAP and TAP are the parts of the Southern Gas Corridor, which is intended to deliver gas from the Azerbaijani gas condensate field Shah Deniz to Europe.
On May 29, Baku hosted the launch ceremony of the first phase of the Southern Gas Corridor project, and on June 12, the opening ceremony of TANAP pipeline was held in the Turkish province of Eskisehir with the participation of the presidents of Azerbaijan - Ilham Aliyev, Turkey - Recep Tayyip Erdogan, Ukraine - Petro Poroshenko and Serbia - Alexander Vucic.
The gas from the Azerbaijani Shah Deniz field has already gone through the first segment of the Southern Gas Corridor - from the Sangachal terminal to the expanded South Caucasus Pipeline. The next stage is the commissioning of the TANAP gas pipeline, through which gas will flow into Turkey and further to Europe.
TANAP shareholders are Southern Gas Corridor CJSC (51 percent), STEAŞ (7 percent), BOTAŞ (30 percent), BP (12 percent).
TAP project, worth 4.5 billion euros, has already attracted 1.5 billion euros from the European Investment Bank (EIB), which approved the loan in early February 2018.
Connecting with the Trans-Anatolian Natural Gas Pipeline (TANAP) at the Greek-Turkish border, TAP will cross Northern Greece, Albania and the Adriatic Sea before coming ashore in Southern Italy to connect to the Italian natural gas network.
Once built, TAP will offer a direct and cost-effective transportation route opening up the vital Southern Gas Corridor, a 3,500-kilometer long gas value chain stretching from the Caspian Sea to Europe.
TAP shareholders include BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagas (16 percent) and Axpo (5 percent).
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Sara Israfilbayova is AzerNews’ staff journalist, follow her on Twitter: @Sara_999Is
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