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Oil and gas major Statoil has announced that it has completed the divestment of several projects on the Norwegian Continental Shelf with the complete withdrawal from a number of licences. The agreement to divest the licences, which was initiated last year with Centrica, is fully completed now. The agreement...
Gazprom is seeking to take advantage of Turkey’s precarious energy situation and Greece’s financial woes to strengthen its influence in southeastern Europe. Although fears will undoubtedly surface over Moscow’s role in the region, for both Ankara and Athens the financial power of the...
The Interconnector Turkey-Greece-Italy (ITGI) pipeline project, which recently effectively lost the Southern Corridor pipeline race to the rival Trans Adriatic Pipeline (TAP) project, is unveiling a new strategy, with plans to link itself with the prospective natural gas reserves offshore Cyprus and Israel.
MD of the Trans-Adriatic Pipeline Kjetil Tungland has said that TAP is still at risk of losing out in the decision for which pipeline will transport gas from the Shah Deniz field, despite rival ITGI being out of the running. "There is still risk, of course, that Shah Deniz might choose SEEP or Nabucco,"...
The Chairman and Chief Executive of Greek national DEPA Harry Sachinis has said that ITGI remains important to the Southern Gas Corridor, despite an announcement last week that rival TAP had been chosen as the potential Italian route for Shah Deniz II gas. In an interview with EurActiv, Mr. Sachinis...
The consortium for the Trans Adriatic Pipeline (TAP) has released a confident statement confirming that it is the Shah Deniz consortium's choice for the Italian route for Azeri gas. The statement, released yesterday, comes a day after a BP spokesperson confirmed to a number of media outlets that...
The recent developments that showed TAP's clear victory in the Southern Corridor pipeline race demonstrate a behind the scenes culmination of wider geoeconomic importance that will certainly affect the strategies of all stakeholders involved. First of all, ITGI's defeat was not taken lightly both in...
Energy Security Specialist at Platts, John Roberts told delegates at the European Gas Conference in Vienna, Austria that someone had said he would provide an independent point of view - something he kiddingly took issue with. “Well, I think I’m biased, because I happen to consume...
Depa CEO Harry Sachinis has said that Depa remains committed to the development of the ITGI pipeline project, despite the news yesterday that the route had lost out on the opportunity to transport gas from the Shah Deniz II field to the rival Trans Adriatic pipeline (TAP). Yesterday, it was revealed...
The Interconnector Turkey-Greece-Italy (ITGI) pipeline has failed in its bid to become the transit route for gas from the Azeri Shah Deniz gas field via Italy and the Caspian Sea, it has been reported today. A spokesperson for BP, which leads the consortium into the Shah Deniz field, has confirmed the...