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News - (TANAP) Trans-Anatolian Gas Pipeline

Displaying 1 - 10 of 82 articles

CNOOC in Aphrodite: Boosting Cypriot Hopes

Recent news that China National Offshore Oil Corp. (CNOOC) is negotiating to buy a 30-40% interest in Block 12 of Cyprus' Aphrodite gas field may be a real shot in the arm for the natural gas industry in Cyprus, according to Charles Ellinas, CEO at ECP Cyprus National Hydrocarbons Company Ltd. “It's...

Options for Delivering Iranian Gas to Europe Via Turkey

As the struggle between Russia and the West in Ukraine deepens, Europe is beginning to reconsider its options vis-à-vis weakening Russia’s energy monopoly in the European market. Throughout the political negotiations with Moscow, the energy dependency has remained starkly obvious as...

Troubled Waters in the Southern Corridor?

The recent announcement of the exit of Total and E.ON from the Trans-Adriatic Pipeline (TAP) consortium, respectively holding a 10% and 9% shares in the project, casts a series challenges for the overall Southern Corridor project, in which TAP constitutes a vital element. Presently, the rest of the...

Turkey Will Not Increase its Stake in TANAP, Yildiz Says

Turkey does not plan to increase its stake in Azeri-Turkish Trans Anatolian Natural Gas Pipeline Project (TANAP), Turkish Energy Minister Taner Yildiz said. In the sidelines of a signing ceremony of SOCAR's Star Refinery's $3.3 billion credit in Istanbul, Yildiz stated that Turkey will keep its 30% stake...

TPAO to Boost Shah Deniz Stake

TPAO, the Turkish state oil company, will acquire Total SA’s stake in the Shah Deniz gas project. In a deal signed in Istanbul on Friday, the Turkish state oil company acquired Total SA’s ten per cent stake in Azeri gas project. According to a statement, the transaction is valued at $1.

Revealing Greece's Natural Gas Strategy

The international conference "The future of Greek Gas and Power Markets: Looking ahead with optimism and realism" took place on 29 April, 2014 in Athens, where important aspects of Greece's natural gas strategy were made available. To begin, Greek Energy Minister Ioannis Maniatis laid out the main pillars...

Southern Corridor Woes

The Southern Corridor project, a multibillion energy infrastructure endeavor that includes the TANAP-TAP system of pipelines, appears to be facing certain issues that could potentially derail the timeline of is construction and certainly cause anxiety amongst stakeholders. More specifically, French...

Bulgaria Braces for Larger Role Amidst Ukraine Crisis

The crisis in Ukraine has set numerous countries across Europe in motion, albeit in different directions, as national priorities seem to be shaping the Union’s political agenda, with a particular emphasis on energy security. Bulgaria for example has a lot at stake and is eager to...

Towards a Single, Competitive Gas Market

Is a single, competitive European gas market achievable? The answer could only be “yes,” even if the target was far off in the distance, according to Klaus-Dieter Borchardt, Director B, DG Energy – European Commission, who enumerated the numerous challenges that prospect was up against...

Natural Gas Market Developments and Marketing in Europe: Ramifications for the Shah Deniz Consortium

On December 17th of last year, the Shah Deniz consortium announced a final investment decision to sanction development of second phase of the Shah Deniz project, one of the world's largest gas-condensate fields. The FID was a significant breakthrough towards the materialization of the Caspian-gas-to-Europe...

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