TAP Welcomes Turkey-Azerbaijan Deal

The Trans Adriatic Pipeline (TAP) today welcomed news of the signing of an inter-governmental agreement (IGA) on the Trans-Anatolian gas pipeline project (TANAP) by President Ilham Aliyev of Azerbaijan and Prime Minister Recep Tayyip Erdogan of Turkey.

TAP Managing Director Kjetil Tungland said:

“The signing of this agreement is a significant and very timely step forward.  Caspian gas will now have a dedicated route across Turkey to the European Union, and that is good news for TAP.  As the Shah Deniz consortium’s chosen project for the southern route into Europe,  via Greece, Albania and Italy,  we welcome the contribution that this development brings to opening up the Southern Gas Corridor.”

“We now look forward to the consortium’s announcement of its preferred bidder for the northern route, and ultimately to the decision on which of the two options will connect with TANAP.  We remain confident that the economic, commercial, technical and strategic advantages of our project will see a decision in our favour.”

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LNG World News Staff, June 27, 2012