Trend: Southern Gas Corridor – a time for new shareholders

One of the most important steps begins in the implementation of the project Southern Gas Corridor - the emergence of new shareholders of pipeline projects. It applies to the TANAP project as well as Nabucco West and TAP on delivery of Azerbaijani gas from the western border of Turkey to Europe.

BP has plans to acquire a significant stake in the TAP project (Trans Adriatic Pipeline), vice president of BP on Shah Deniz Alistair Cooke said in an interview with Dow Jones Newswires in late June. BP, in principle, has completed negotiations for joining the project and assistance in securing funding in the near future, Cook said. He noted that the agreement on joining the TAP project will be signed in the coming weeks.  MORE