Azeri440
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EU committed to extending SGC to Central Asia
The European Union will continue to seek extension of the Southern Gas Corridor, designed to bring Caspian gas to Europe, to Central Asia.
The European Council on the EU Strategy for Central Asia announced that cooperation between the EU and Central Asia in the energy, infrastructure and transport sectors should prioritize the integration of the Central Asian countries with each other and into international markets and transport corridors.
“The EU will continue to seek to extend the Southern Gas Corridor to Central Asia, and to further promote the EU's multilateral and bilateral energy cooperation,” reads the document, published on the website of the Council on June 19.
The Southern Gas Corridor is one of the priority energy projects for the EU. The project which is set to change the energy map of an entire region will bring Caspian gas to the European markets through Georgia and Turkey.
At the initial stage, the gas to be produced as part of the Stage 2 of development of Azerbaijan's Shah Deniz field is considered as the main source for the Southern Gas Corridor projects. Other sources can also connect to this project at a later stage.
The Shah Deniz gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of Trans Anatolian Natural Gas Pipeline and Trans Adriatic Pipeline.
The European Council further stressed that the EU will also continue to promote renewable energy and energy efficiency in Central Asia by offering its expertise in the development of sound regulatory frameworks and by supporting investment cooperation with European financial institutions.
The Council noted that the countries of Central Asia have become significant partners of the EU. “Ten years after the adoption of the Central Asia strategy, and more than 25 years after the five countries became independent, the Council welcomes the progress achieved in developing the EU's relations with Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan as well as with the Central Asian region as a whole,” the document said.
The Council reaffirmed the EU's commitment to develop stronger relations and highlighted the need to strengthen dialogue and cooperation on human rights, education, sustainability as well as on tackling emerging security challenges faced by the Central Asian countries.
The EU-Central Asia relations are being developed under the EU strategy for Central Asia, signed in 2007 and reviewed in 2015.
The ambitious SGC project, one of the European Union's priority energy projects, is assessed as a strategically important initiative that will allow Europe to secure its energy security.
Among the Central Asian countries, Turkmenistan has showed a greatest interest in supplying gas to Europe via connecting to the Southern Gas Corridor.
Turkmenistan is a landlocked country and thus it is dependent on pipelines to export its gas on world markets. Moreover, the country lost Russia as a customer one year ago, and has since provided gas only to China and Iran. Therefore, Turkmenistan began to look for alternative consumers in the European and Asian markets and expressed interest in joining SGC project.
https://www.azernews.az/oil_and_gas/114971.html
Bulgartransgaz in talks with SOCAR on Balkan gas hub
Bulgaria’s Bulgartransgaz company is beginning talks with Azerbaijan’s state oil company SOCAR on the volume of gas supplies to Balkan hub, Bulgaria’s Deputy Energy Minister Zhecho Stankov said.
“The Bulgarian company is in talks on using the part of the free volumes of gas from Azerbaijan’s Shah Deniz 2. This is about 3 billion cubic meters from the second phase of development of the field,” he said, adding that the talks are at an early stage, investor.bg reported reports.
As much as 16 billion cubic meters of gas will be produced under the Shah Deniz 2 project. Six billion cubic meters of this volume will be delivered to Turkey, while the remaining 10 billion cubic meters will be supplied to Europe through the Trans Adriatic Pipeline (TAP).
Bulgaria will receive gas from the Caspian Sea region through the Interconnector Greece-Bulgaria (IGB).
“The project is on track. All land acquisition procedures in the country have been completed and the permit for the pipeline’s construction in Bulgaria is expected to be issued in the third quarter of 2017,” said Teodora Georgieva, executive officer at ICGB AD joint venture company.
The construction permit in Greece is expected to be issued in the fourth quarter of 2017.
“The project’s cost is estimated at around 240 million euros. As much as 45 million euros have been secured by the EU. Bulgaria can receive around 35 million euros before completing the procedure of using additional funds under the "Competitiveness and Innovation" program,” Georgieva added.
https://www.azernews.az/oil_and_gas/114831.html
The European Union will continue to seek extension of the Southern Gas Corridor, designed to bring Caspian gas to Europe, to Central Asia.
The European Council on the EU Strategy for Central Asia announced that cooperation between the EU and Central Asia in the energy, infrastructure and transport sectors should prioritize the integration of the Central Asian countries with each other and into international markets and transport corridors.
“The EU will continue to seek to extend the Southern Gas Corridor to Central Asia, and to further promote the EU's multilateral and bilateral energy cooperation,” reads the document, published on the website of the Council on June 19.
The Southern Gas Corridor is one of the priority energy projects for the EU. The project which is set to change the energy map of an entire region will bring Caspian gas to the European markets through Georgia and Turkey.
At the initial stage, the gas to be produced as part of the Stage 2 of development of Azerbaijan's Shah Deniz field is considered as the main source for the Southern Gas Corridor projects. Other sources can also connect to this project at a later stage.
The Shah Deniz gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of Trans Anatolian Natural Gas Pipeline and Trans Adriatic Pipeline.
The European Council further stressed that the EU will also continue to promote renewable energy and energy efficiency in Central Asia by offering its expertise in the development of sound regulatory frameworks and by supporting investment cooperation with European financial institutions.
The Council noted that the countries of Central Asia have become significant partners of the EU. “Ten years after the adoption of the Central Asia strategy, and more than 25 years after the five countries became independent, the Council welcomes the progress achieved in developing the EU's relations with Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan as well as with the Central Asian region as a whole,” the document said.
The Council reaffirmed the EU's commitment to develop stronger relations and highlighted the need to strengthen dialogue and cooperation on human rights, education, sustainability as well as on tackling emerging security challenges faced by the Central Asian countries.
The EU-Central Asia relations are being developed under the EU strategy for Central Asia, signed in 2007 and reviewed in 2015.
The ambitious SGC project, one of the European Union's priority energy projects, is assessed as a strategically important initiative that will allow Europe to secure its energy security.
Among the Central Asian countries, Turkmenistan has showed a greatest interest in supplying gas to Europe via connecting to the Southern Gas Corridor.
Turkmenistan is a landlocked country and thus it is dependent on pipelines to export its gas on world markets. Moreover, the country lost Russia as a customer one year ago, and has since provided gas only to China and Iran. Therefore, Turkmenistan began to look for alternative consumers in the European and Asian markets and expressed interest in joining SGC project.
https://www.azernews.az/oil_and_gas/114971.html
Bulgartransgaz in talks with SOCAR on Balkan gas hub
Bulgaria’s Bulgartransgaz company is beginning talks with Azerbaijan’s state oil company SOCAR on the volume of gas supplies to Balkan hub, Bulgaria’s Deputy Energy Minister Zhecho Stankov said.
“The Bulgarian company is in talks on using the part of the free volumes of gas from Azerbaijan’s Shah Deniz 2. This is about 3 billion cubic meters from the second phase of development of the field,” he said, adding that the talks are at an early stage, investor.bg reported reports.
As much as 16 billion cubic meters of gas will be produced under the Shah Deniz 2 project. Six billion cubic meters of this volume will be delivered to Turkey, while the remaining 10 billion cubic meters will be supplied to Europe through the Trans Adriatic Pipeline (TAP).
Bulgaria will receive gas from the Caspian Sea region through the Interconnector Greece-Bulgaria (IGB).
“The project is on track. All land acquisition procedures in the country have been completed and the permit for the pipeline’s construction in Bulgaria is expected to be issued in the third quarter of 2017,” said Teodora Georgieva, executive officer at ICGB AD joint venture company.
The construction permit in Greece is expected to be issued in the fourth quarter of 2017.
“The project’s cost is estimated at around 240 million euros. As much as 45 million euros have been secured by the EU. Bulgaria can receive around 35 million euros before completing the procedure of using additional funds under the "Competitiveness and Innovation" program,” Georgieva added.
https://www.azernews.az/oil_and_gas/114831.html
