• $
  • £

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
Kapital Bank retains its status as the largest taxpayer in the non-oil sector
Business 15:38
Kapital Bank retains its status as the largest taxpayer in the non-oil sector
TəhsilPlus card by Kapital Bank, offering unique opportunities for education professionals, presented to its first holders
Business 14:30
TəhsilPlus card by Kapital Bank, offering unique opportunities for education professionals, presented to its first holders
Main index indicators of world stock markets
Business 12:00
Main index indicators of world stock markets
Brent, WTI crude oil prices decline on global markets
Business 10:30
Brent, WTI crude oil prices decline on global markets
Bitcoin price drops below $71,000
Business 10:00
Bitcoin price drops below $71,000
Looking for a favorable loan?
Business 11:34
Looking for a favorable loan?
Brent crude price surpasses $84 on global markets
Business 10:00
Brent crude price surpasses $84 on global markets
Gold and silver prices rise in commodity markets
Business 09:30
Gold and silver prices rise in commodity markets
8% interest for March 8: a special offer for women entrepreneurs!
Business 15:00
8% interest for March 8: a special offer for women entrepreneurs!
Anews TV

Our official Youtube channel

Subscribe