• $ 1.7
  • € 2.0052
  • ₽ 0.022154
  • ₺ 0.039
  • £ 2.3052

Baku tells Tehran to join EU pipeline plan

Baku tells Tehran to join EU pipeline plan
18.08.2015 15:00
Fars News Agency has quoted an unnamed official as saying that the proposal was raised during a recent to Iran by an Azeri oil delegation.

"The Azerbaijani delegation officially requested … that Iran participates in the [project to] export natural gas to Europe through Azerbaijan,” the official said.

Once Iran joins the project, there will no longer be any concern for providing the required volumes for exports to Europe, Fars further quoted the official as saying.

The report added that it was agreed during the meetings between the Azerbaijani delegation and Iranian oil officials that it would be much easier for Iran to export its natural gas through Azerbaijan than for Iran to pipe that gas to Europe on its own. 
Azerbaijan reportedly wants to engage Iran in gas exports to Europe through the Trans Adriatic Pipeline (TAP). 

TAP envisages piping natural gas from Azerbaijan to Greece and Albania and thereon to Italy through the Adriatic Sea and further to Western Europe.

The project that was announced in 2003 by Switzerland’s energy group EGL is seen a part of the Southern Gas Corridor - an initiative of the European Commission for gas supplies from Caspian and Middle Eastern regions to Europe.

TAP – which is expected to become operational in 2020 – will start at the Greece-Turkey border where it will be connected with the Trans-Anatolian gas pipeline (TANAP) that will bring gas from Azerbaijan to Turkey through Georgia.
 

www.ann.az
Similar news
Similar news
Azerbaijan appoints new head of State Statistics Committee
Business 17:30
Azerbaijan appoints new head of State Statistics Committee
Azerbaijan moves to broaden grounds for expropriation of investments
Business 16:30
Azerbaijan moves to broaden grounds for expropriation of investments
Birbank Biznes introduces the updated Visa “Entrepreneur Card” – now free and in a new design
Business 15:34
Birbank Biznes introduces the updated Visa “Entrepreneur Card” – now free and in a new design
Azerbaijan’s Hidro-3 project enters the international carbon market
Business 14:55
Azerbaijan’s Hidro-3 project enters the international carbon market
Azerbaijani oil prices rise
Business 13:30
Azerbaijani oil prices rise
Azerbaijan Central Bank exchange rates
Business 12:00
Azerbaijan Central Bank exchange rates
SOCAR terminal may be included in EU sanctions — what we know so far
Business 11:00
SOCAR terminal may be included in EU sanctions — what we know so far
Roundtable held in Baku as part of the U.S. Chamber of Commerce business mission
Business 17:25
Roundtable held in Baku as part of the U.S. Chamber of Commerce business mission
Libya targets gas output growth, eyes larger role in Europe
Business 17:00
Libya targets gas output growth, eyes larger role in Europe
Anews TV

Our official Youtube channel

Subscribe