TAP Files Bid for Gas Transport from Shah Deniz Field, Azerbaijan
- Business & Finance
This weekend marked an historic moment for the TAP project. On Saturday, 1st of October 2011, TAP submitted the proposal to transport 10 billion cubic metres of gas a year from the giant Shah Deniz II field in Azerbaijan to the energy markets of Europe. By opening up the Southern Gas Corridor, TAP would help bring the new sources of gas from the Caspian region that will ensure Europe’s security of supply.
The company believes that it has submitted a winning bid, being the only project that consistently meets each one of the eight stringent criteria set by the Shah Deniz Consortium for a sound and sustainable solution to their needs. TAP not only offers the best method of delivering Caspian gas to European markets. It is also the shortest and most financially viable of the proposed options, is scalable and provides an efficient and cost-effective means of realising the increasing volumes of gas from the Caspian – and further afield – as they become available.
Source: TAP, October 3, 2011; Image:Statoil