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Thursday, 18 May 2017 09:00

Natig Aliyev: The progress of implementation of TAP project does not arouse our concerns Featured

Natig Aliyev: The progress of implementation of TAP project does not arouse our concerns

The situation with constant delays in TAP’s construction within Italy does not arouse our concern, Minister of Energy of Azerbaijan Natig Aliyev told Caspian Energy. According to him, TAP is a European project. Our mission is to have gas delivered till the EU’s border whereafter an intergovernmental agreement will take effect. It will regulate the obligations of the parties, terms of fulfillment of the project and sanctions in case if the infrastructure is not built on time which implies the time when Azeri gas must be supplied in accordance with contracts signed with the European consumers. We have signed an agreement with Italy as with a legal entity of the international law and a sovereign state. In case if the terms of the agreement are not fulfilled, we have a legal right to claim the payment of relevant compensations, N.Aliyev said. We hope for fulfillment of conditions of the intergovernmental agreement by Italy because first of all it is Italy which is deeply interested in implementation of this project. Besides, we stay in constant touch with energy ministers of countries engaged in TAP, including Italian Minister Carlo Calenda. “We are aware of his stance on the project and the situation that is coming about. Therefore, it does not arouse any concerns”, the Minister concluded (read the full interview in the next issue of Caspian Energy)

It is noteworthy that Athens hosted the signing of the three-sided Greek-Albanian-Italian intergovernmental agreement about construction of the Trans-Adriatic gas pipeline. The carrying capacity of the gas pipeline will total from 10 up to 20 bcm per annum.

Agreements with the European gas customers was signed on September 19, 2013 within the framework of the second stage of development of Shah Deniz gas condensate fields located in the Azeri sector of the Caspian Sea. Gas supply will start no earlier than 2019.

The size of revenues on contracts for supply of approx 300 bcm of Shah Deniz gas to Europe signed in Baku will total about $200bln. In particular, German E.ON will purchase 40 bcm of Azerbaijani gas within the framework of the 25-year contract. According to the information of the French GDF SUEZ, the Company made a contract for 2.6 bcm of Azeri gas per year. Spanish Gas Natural Fenosa will get 1 bcm of gas per year, the Company said. Italian Company Hera will get 300mln cubic meters of Azeri gas per year within the framework of the signed agreement.

On December 5, 2013 parliament of Italy ratified a three-sided intergovernmental agreement (IGA) signed between Italy, Greece and Albania on February 13, 2013 within the framework of the Trans-Adriatic gas pipeline (TAP).

Person in charge of the newsline: Fidan Isayeva 

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