The European Investment Bank on Tuesday (6 February) approved its largest ever single loan to an energy project: the Trans-Adriatic Pipeline (TAP). The €1.5 billion grant will be used to bring gas from the Black Sea to the Mediterranean.
Practical access to Central Asian gas, which would arrive via the twin projects of the White Stream and the Trans-Caspian Pipeline, is finally coming at just the right time to complete the Southern Gas Corridor, writes Robert M. Cutler.
Azerbaijan, via its state energy company SOCAR, is ready to engage in Bulgaria’s gasification at its own expense. The statement was made by the President of Azerbaijan Ilham Aliyev on the occasion of a visit by the Prime Minister of Bulgaria Boyko Borissov to the central Asian country.
The European Investment Bank on Tuesday (12 December) delayed a decision on whether to grant a multi-billion-euro loan to a controversial pipeline, after the bank’s board insisted it needs more time to assess the project.
The multi-billion euro Southern Gas Corridor should not be seen as a mere energy security project; it is a robust interconnectivity initiative which will bring closer other partners in Central Asia seeking access to the EU market, writes the Embassy of Azerbaijan to the EU.
Millions of euros in public money are being invested in large infrastructure projects in the EU’s eastern neighbours in total disregard for Europe’s climate goals, and local communities, writes Manana Kochladze.
Turkey, a country poor in energy resources, has voiced its ambitions to leverage its geographic position by becoming an even more important crossroads of supply routes and a giant energy hub, saying this would “improve” the EU’s energy security.
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.
Commission Vice-President for Energy Union Maroš Šefčovič told the Brussels press yesterday (13 March) about his visit to the US last week (6-9 March), which was also one of the first meetings of the EU executive with the new administration of Donald Trump.