• 4 minutes China goes against US natural gas
  • 12 minutes WTI @ 67.50, charts show $62.50 next
  • 15 minutes Saudi Fund Wants to Take Tesla Private?
  • 3 hours Downloadable 3D Printed Gun Designs, Yay or Nay?
  • 4 hours Rattling With Weapons: Iran Must Develop Military To Guard Against Other Powers
  • 10 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 7 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 4 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 11 hours CO2 Emissions Hit 67-Year Low In USA, As Rest-Of-World Rises
  • 14 hours The EU Loses The Principles On Which It Was Built
  • 6 hours Corporations Are Buying More Renewables Than Ever
  • 19 hours Starvation, horror in Venezuela
  • 23 hours Are Trump's steel tariffs working? Seems they are!
  • 23 hours Is NAFTA dead? Or near breakthrough?
  • 22 hours How To Explain 'Truth Isn't Truth' Comment of Rudy Giuliani?
  • 20 hours The Discount Airline Model Is Coming for Europe’s Railways
Alt Text

Indonesia’s Oil Sector In Jeopardy As Elections Loom

With elections right around the…

Alt Text

Why China Will Continue To Buy Iranian Crude

While the United States sanctions…

Alt Text

Can China Afford To Slap Tariffs On U.S. Oil?

China’s latest round of tariffs…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Welcome the New Trans-Adriatic Pipeline Consortium

Bottom Line: Now that Nabucco is out of the picture and the Trans-Adriatic Pipeline (TAP) has been given the green light for Azeri gas supplies, the TAP consortium is being rearranged as bets are hedged by producers and shippers.

Analysis:  As of 30 July, the TAP consortium includes Norway’s Statoil (20%), SOCAR (the Azeri state oil company, with 20%), BP (20%), France’s Total SA (10%), Belgium’s Fluxys pipeline and storage company (16%), German E.ON (9%) and Swiss Axpo (5%).
TAP itself will be 900 kilometers long and will run from the Turkish-Greek border, through Albania, and across the Adriatic sea where it will hook up with Italy’s pipeline network. While Italy has been the main destination for this Azeri gas, now the talk is of Western Europe—particularly Switzerland, Germany, France, Belgium and Great Britain. At the start, TAP will have a capacity of about 10 billion cubic meters per year, but later this will be around twice that.

Parallel to this we have the Trans-Anatolia Pipeline project (TANAP), which will bring gas across Turkey to the border of the European Union. This is an Azeri project that the Azeris will largely control—something Europe couldn’t have done. (Turkey’s Botas and Turkish Petroleum hold 15% and 5%, respectively). TANAP will have a 16-billion-cubic meter yearly capacity, about 6 billion cubic meters of which is expected to go to the Turkish market, and 10 billion cubic…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News