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Possible ramifications of the Southern Gas Corridor. Image by trans-adriatic-pipeline.com
Shareholders in the Trans Adriatic Pipeline designed to carry gas from Azerbaijan to Europe via Turkey and Greece, are working to double its capacity, a Greek daily reports.
Their move comes against the background of Russia's decision to botch the South Stream project announced last week, Kathimerini writes.
It cites information reportedly provided to the EU Commission and the government in Athens to claim that BP, the concern heading the consortium that controls tha Shah Deniz deposit in Azerbaijan, is intending to boost the prospective pipeline's capacity from 10 to 20 billion cubic meters a year, a twofold increase.
The move was originally planned for a second stage of the gas field's development, but BP supposedly aims to achieve this capacity from the very beginning of deliveries through TAP in 2020.
Neither the EU Commission nor the Athens cabinet have yet commented on this. As of Friday, December 12, Azerbaijan-based media outlets are still pointing to a capacity of 10 bcm per year for TAP. Baku's initial agreement is also about selling only ten billion at the beginning.
Construction is due to start in 2015.
Gas reserves at Shah Deniz are estimated at 1.2 trillion cubic meters, though some energy experts claim the volume is much lower.
British multinational BP (20%), Azerbaijan's SOCAR (20%), Norway-based Statoil (20%), Belgium-based gas transmission operator Fluxys (19%), Spanish operator Enag?s (16%) and Swiss-based utility Axpo (5%).
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