November 22 (SeeNews) - In Ankara story, "Shah Deniz waits for TANAP final decision on Shah Deniz 2 - media" please read in the title, "Shah Deniz waits for TANAP final investment decision - media" (drops redundant word).
Following is the full text of the story.
The Shah Deniz consortium is awaiting the final investment decision (FID) for the Trans Anatolian Natural Gas Pipeline (TANAP) project before making its FID for the Shah Deniz 2 project, Turkish daily Hurriyet Daily News said Friday, citing Al Cook, BP's vice president of Shah Deniz Development.
The TANAP project envisages the supply of Azeri natural gas from Turkey's border with Georgia to its border with Greece where it will connect with the Trans Adriatic Pipeline (TAP). Shad Deniz 2 is the second stage development of the Shah Deniz field located offshore in the Azerbaijan sector of the Caspian Sea.
Al Cook said at the Atlantic Council summit on Thursday that it was important FID for TANAP be made in order the FID for the Shah Deniz 2 to be made, while expressing confidence that the FID for Shah Deniz 2 will be made before the end of the year, Hurriyet Daily news reported.
Al Cook has also appealed to the governments within the scope of the projects to extend their support and the European Union's support to be expanded to to smaller pipeline that will be constructed to connect Balkan countries, the daily said.
Greek firm DEPA is working to expand its connection with Bulgaria with the intention to build smaller pipelines to connect with pipeline networks in Romania, Hungary and Serbia, according to Harry Sachinis, the daily added citing DEPA's CEO.
The Shah Deniz consortium includes BP, operator (25.5%), Statoil (25.5%), Azerbaijan's SOCAR (10%), Total (10%), Lukoil (10%), the Naftiran Intertrade Company (10%) and Turkish petroleum corporation TPAO (9.0%). While TANAP Dogalgaz Iletim, the owner of the TANAP project, is controlled by Azeri state-owned oil and gas company SOCAR and 20%-owned by Turkish state-owned firms BOTAS and TPAO.