Italy gave the green light for the construction of the Trans Adriatic Pipeline (TAP), one of the core projects of the Southern Gas Corridor. But activists in the Puglia region protested and asked that the pipe be moved further north.
The Southern Gas Corridor will start pumping gas from the Caspian Sea to Europe by 2020, its backers said yesterday (23 February), despite the risk of delays to this option for reducing dependence on Russia.
Gazprom's bid to tap into a pipeline meant to wean Europe off Russian gas threatens to undermine a pillar of European energy policy and slow plans to develop rival deposits in the eastern Mediterranean.
Azerbaijan said natural gas produced in the Absheron offshore gas field in the Caspian Sea could be exported through the Southern Gas Corridor. Until now it was planned that only gas from Shah Deniz 2, another offshore field, would be sent to Europe.
Greece will not withdraw a bill amending the regulation of natural gas tariffs, despite warnings by Azerbaijan's SOCAR that it could jeopardise SOCAR's purchase of the Greek national gas grid, a senior energy ministry official said today (20 July).
The Bulgarian government has proposed a package of energy cooperation projects to Azerbaijan. It remains unclear if the massive deal is part of a swap of property linked to a plan to divest 17% of Azerbaijan’s shares of Greek gas operator DEFSA to a third country.
Azerbaijan's state-owned oil company SOCAR has confirmed its interest in acquiring a stake in Greek gas grid operator DESFA, with a deal possible by the end of the year, Greece's privatisation agency said on Wednesday (26 August).
The Trans Adriatic Pipeline (TAP), which will carry Azeri gas to European markets, and is seen as Europe's alternative to its reliance on Russia, is open to new shareholders, including Iran, a spokeswoman for the project said yesterday (8 April).
The Syriza-led government will be against an Energy Union that undermines Greece's national interests, including in its relations with Russia, said Greek energy minister Panagiotis Lafazanis, who also ruled out any privatisation schemes for the country’s energy sector.
A Commission official confirmed yesterday (5 March) that Gazprom can use the Trans-Adriatic pipeline (TAP) to move gas, if the Russian export monopoly builds the “Turkish Stream” pipeline and brings gas to Greece.
Following a statement by EU ministers who said they wanted Russia to clarify its intentions concerning the South Stream gas pipeline, Russian gas monopoly Gazprom confirmed yesterday (9 December) that the decision to abandon the project is final.
Russian President Vladimir Putin failed to clinch a concrete energy deal on a rare trip to Azerbaijan yesterday (13 August), dashing Moscow's hopes to challenge the dominance of Western energy majors in the former Soviet republic.
Greece is set to agree the sale of its natural gas grid operator DESFA to Azeri state energy company SOCAR, a senior official directly involved in the talks said yesterday (18 June). The deal appears to raise the chances that the Trans-Adriatic Pipeline (TAP) will win its bid for Azeri gas, against its competitor Nabucco.
Nabucco West and the Trans Adriatic Pipeline (TAP), the two companies competing for Azerbaijani gas projects, have issued simultaneous statements today (29 March) that they have submitted the final package supporting their bids. The Shah Deniz consortium will chose between the two in June.
Azerbaijan's Shah Deniz II gas group could agree to take a 50% stake in the Nabucco pipeline consortium by January, boosting Nabucco's prospects in a competition between projects that aim to pipe Azeri offshore gas into Europe.
The Nabucco West project still has a chance of winning the contest to transport gas from Azerbaijan to European countries, even after a rival consortium signed a funding deal, an executive of the country's state oil firm said.
UK oil major BP said it was no longer considering shipping gas from its Shah Deniz field in Azerbaijan through the Nabucco pipeline, dealing a blow to the troubled European project. But the European Commission said the “full-scale version” of Nabucco was still the main option under consideration.