TODAY.AZ / Business

Joining TANAP profitable for both Kazakhstan, Turkmenistan

26 May 2016 [16:54] - TODAY.AZ

/By Azernews/

By Fatma Babayeva

Kazakhstan is very interested in diversifying transport routes exporting its energy resources to the global market.

Rahman Alshanov, Rector at Turan University of Kazakhstan told Day.Az, adding that Kazakhstan will economically benefit by joining the Trans Anatolian Pipeline (TANAP).

Alshanov noted that Kazakhstan along with other countries reserves the right to diversify its hydrocarbon transportation routes to the global market.

Today, Kazakhstan is looking for alternatives for the transportation of energy resources to European market, Alshanov said, noting that the country does not want to depend on a single transport route.

He further added that Kazakhstan is interested in participating in TANAP project. However, there are some nuances.

The first one is the environmental factor. Namely, the question about laying pipeline on the seabed remains unsolved, Alshanow said. “Second one is the financial factor. When these two questions are solved, chances on Kazakhstan joining TANAP will increase,” he added.

Most likely, according to the rector, Kazakhstan will join this project in the future. “If joining to TANAP is profitable for Kazakhstan, why not to do so?” he asked.

Alshanov stressed that not only Kazakhstan, but also Turkmenistan – a holder of massive gas reserves- will benefit from it.

Moreover, Turkmenistan is now looking for markets, said the rector by further elaborating that exporting its gas in the Afghan direction is not profitable for this country since the social-political situation has not been normalized there.

Therefore, Turkmenistan's participation in TANAP project will be acceptable in principle, he added.

In regards to Uzbekistan, Alshanov said that the country’s free volumes of gas in its territory are small.

Uzbekistan sells its gas to Russian Gazprom that re-exports Uzbek gas to the global market under its national brand, he told.

TANAP will pass through Turkey and join to TAP pipeline in the Greece border. Meanwhile, TAP will pass through Greece, Albania and southern part of Italy.

At the initial stage, the gas to be produced as part of the Stage 2 development of Azerbaijan's Shah Deniz field is considered as the main source for the Southern Gas Corridor projects. Other sources can also be connected to this project at a later stage.

First gas delivery to Georgia and Turkey via the SGC is scheduled for late 2018. However, gas deliveries to Europe are expected a year after the first gas is produced in offshore fields of Azerbaijan.

URL: http://www.today.az/news/business/151115.html

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