Nabucco talks on Tanap merger

Talks will take place on Tuesday over a proposed merger between the Trans Anatolian New Pipeline (Tapan) and the Nabucco gas pipeline, a report claimed.
Representatives from the OMV-led Nabucco consortium are to meet in Vienna to discuss the possible link up with the Tanap gas pipeline which will transport gas from the Shah Deniz 2 filed in Azerbaijan, Reuters reported.

News of the merger talks was revealed by Turkish Energy Minister Taner Yildiz in an interview with Turkish language station CNBC.e on Tuesday, the news wire reported.

The Nabucco pipeline is looking to connect gas fields in the Caspian region and the Middle East with Central Europe through Turkey.

Upstream reported on Friday that the BP-led consortium developing the Shah Deniz 2 gas field has eliminated one pipeline export option to Europe and is expected to whittle down remaining options to two by June. A final investment decision is expected by mid-2013.

The final decision on the various proposed export routes has been delayed by about one year, but the 2017-18 schedule for exports from Shah Deniz remains unchanged.

The decision by the consortium comes four months after it received proposals from Nabucco, Trans Caspian Pipeline (TAP) and ITGI.

Two other options were later added by BP and Socar separately – the Southeast Europe Pipeline (SEEP) and Trans Anatolian New Pipeline (Tanap).

The rejected proposal is ITGI (Interconnector-Turkey-Greece-Italy), whose backers include Greek gas company Depa and Italy’s Edison.

Source: Upstream Online


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