TODAY.AZ / Business

SOCAR requests for final proposals from Europe-oriented export gas pipelines

10 August 2011 [18:20] - TODAY.AZ
SOCAR as leader of the Shah Deniz Export Negotiating Team announced that a request for proposal (RFP) and a request for information (RFI) has been issued to the three main prospective EU pipeline groups for transit of Shah Deniz gas to Europe. These are IGI Poseidon, Trans-Adriatic Pipeline and Nabucco, SOCAR said.

In these documents Shah Deniz has requested the pipeline groups to provide the consortium with information it requires to evaluate the projects and take a decision on an export solution. The submission date to the request, which should include a tariff offer and associated terms and conditions, as well as detailed information on wider aspects of the projects, has been set for October 1, 2011.

All three projects are a part of the "Southern Gas Corridor". It is one of the priority energy projects for the EU. It is intended to diversify routes and sources of energy supplies and to increase the EU energy security.

Peak production is forecast 9 billion cubic meters. According to the forecasts, gas production will be increased by 16 billion cubic meters annually from 2017 within the second stage of the field development, of which 10 billion will be exported to Europe.


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