Shah-Deniz shareholders consciously reject projects on Azeri gas delivery to Europe already in 2014
Baku, Fineko/abc.az. The Shah-Deniz Project partners have been put in an awkward position - they are openly accused of deliberate braking early export of Azeri gas to Europe via Turkey.
Caspian Oil & Gas conference finished in Baku yesterday IGI Poseidon consortium’s CEO Elio Ruggeri has stated that if construction of pipeline ITGI (Turkey-Greece-Italy) begins in 2013, then commissioning of its first phase is possible already by 2015.
"Already by late 2012 or early 2013 the Project shareholders are ready to take the final decision on project realization. We have prepared all the technical issues. The Project is supported by the governments of Greece and Italy. We are also ready to announce tenders for purchase of metric stations and related equipment," Ruggery claimed.
Previously, the Shah Deniz partnership excluded ITGI from the tender for selection of export infrastructure for Shah Deniz 2, preferring the other gas pipeline project - TAP for the southern (Italian) route. At that, only ITGI (in any case, according to its statements) is able to deliver Azeri gas to Europe earlier than Gazproms South Stream.
"We submitted our new proposals to Shah Deniz consortium, and the consortium has agreed to review them. If, after consideration, they are rejected, then we will continue to seek alternative sources of gas for our project," Ruggery said.
Theoretically, "fast” ITGI is not convenient for the partnership as it is ready to start production within Shah Deniz 2 in 2016 or 2017 that would lead to a two-year infrastructure downtime. Hypothetically, the partnership could come from the "bottleneck" by increasing production from Shah Deniz 1.
Whatever it was, in the partnership competition there still remain TAP, as well as projects Nabucco-West (adapted and the truncated version of Nabucco), and SEEP (a project of Shah Deniz technical operator). Moreover, the choice d between the last ones must be made before the end of June.
At the same Caspian Oil & Gas conference BP president for the region Rashid Javanshir stated that the total cost of Shah Deniz 2 has already increased up to $45 billion, of which $15 billion are expenditures on organization of a system of gas delivery to European consumers.
De facto, the future pipeline system of Shah Deniz 2 (planned delivery of up to 10 billion cu m per year) is comparable to the value of Gazproms South Stream, which by its capacity (up to 63 billion cu m) is much higher. This will reduce much the competitiveness of Azeri gas to European markets. At that, Shah Deniz field is inferior to the planned terms of the start of supply that makes to think: maybe it would be easier to choose White Stream project with laying the "pipe" through the Black Sea for organization of the export.
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