Georgia links Caspian Sea to Europe with gas delivery
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Work has begun today on a new gas pipeline that will travel through Georgia to better connect Europe with gas from the Caspian Sea, thus reducing dependence on Russian gas.
Georgia’s President Giorgi Margvelashvili visited Turkey’s Kars region today where he and his Turkish and Azerbaijani counterparts attended a ceremony to mark the beginning of the $10 billion USD Trans-Anatolian Natural Gas Pipeline project (TANAP).
Today in #Kars with great friends of #Georgia. @RT_Erdogan@presidentaz. #Turkey#Azerbaijanpic.twitter.com/SaML45NMtm
— President Of Georgia (@MargvelashviliG) March 17, 2015
Construction on the project formally began today after the three presidents’ laid the foundations of the new pipeline project. The new gas pipeline will pump gas from the vast Azerbaijani Shah Deniz 2 field to Turkish and European Union (EU) consumers with the aim of reducing dependence on Russian gas.
The 1,850 km TANAP project, which is due to be completed in 2018, will link the existing South Caucasus Pipeline (SCP) which connects Turkey to the Azerbaijani gas fields in the Caspian Sea, through Georgia.
Adviser of the President of Georgia, Giorgi Abashishvili, said it was very important for Georgia to be part of this project.
"Gas will be delivered to EU member countries through Georgia. This is a very important project in terms of EU energy safety. To be part of this project is also very beneficial for Georgia,” he said.
TANAP is part of the Southern Gas Corridor project that will bring gas from Azerbaijan to Europe, and from sources other than Russia. Current plans envisaged linking the TANAP with the Trans-Adriatic Pipeline (TAP), which brings gas from western Turkey to Greece, Albania and across the Adriatic to Italy.
According to a partnership agreement signed last week, Azerbaijan's state energy firm SOCAR and Turkey's Botas will hold 58 percent and 30 percent stakes respectively in the project, while energy giant BP will have a 12 percent share.
The pipeline should help Turkey and EU countries reduce their dependence on importing gas from Russia by exploiting the Shah Deniz 2 field, which according to BP, will produce 16 billion cubic metres of gas per year.
The rehabilitation process of East-West Gas Pipeline has finished. Rehabilitation work included expansion of the pipeline, which will increase the capacity and reliability of gas being transported to the country's west.
European Union (EU) states who were due to have hosted Russia’s South Stream gas pipeline have begun looking for alternative ways to improve their energy security after the Russian project was halted by President Vladimir Putin.
The European Union (EU) is extremely interested in expanding energy cooperation with Caspian Sea countries, said EU Ambassador to Azerbaijan Malena Mardi at the Caspian Oil and Gas forum held in Baku yesterday.
A major explosion that struck the South Caucasus Pipeline (SCP) in Turkey will not affect Georgia’s gas supply, confirmed a Georgian official today.
Georgia will play an important role connecting Iran to Europe thanks to a new transit corridor that Iran and Bulgaria are opening through Georgia.
More than 100 high officials from 50 countries are gathering in Georgia’s capital Tbilisi to discuss ways to strengthen regional and global energy security, minimise damage to the environment, develop effective energy markets and create a favorable investment climate.
The East-West Gas Pipeline used to deliver gas from Turkmenistan through Georgia has officially opened today.
Georgia will receive more natural gas from 2018-19
South Caucus Pipeline (SCP) expansion works are entering the final phase to increase the gas capacity of the pipeline to 16 billion cubic metres (m3) per year.
World Bank, EIB financially supports new pipeline via Georgia
The World Bank and the European Investment Bank (EIB) have pledged to provide significant amounts of financial aid to build the new Trans-Anatolian Natural Gas Pipeline (TANAP).
An international magazine by British Petroleum (BP) Group has published a special edition about Georgia highlighting the rich heritage of the country and BP’s activities here.
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Georgia’s Prime Minister Giorgi Kvirikashvili has travelled to Greece for a working visit. Today he will be one of European and American high officials that attend a special ceremony marking the beginning of construction of the Trans Adriatic Pipeline (TAP) in Thessaloniki.
Today Georgia’s Prime Minister sat down with his Greek counterpart Alexis Tsipras, who said the new Trans Adriatic Pipeline (TAP) would enhance bilateral cooperation between Greece and Georgia, particularly in the energy sector.
Georgia’s Prime Minister Giorgi Kvirikashvili has spoken at a special ceremony marking the beginning of construction of the Trans Adriatic Pipeline (TAP), which will bring gas from western Turkey to Greece, Albania and across the Adriatic to Italy.
Energy ministers from the Southern Gas Corridor member-states, including Georgian Minister Kakha Kaladze, gathered today in Baku to attend the Third Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory Council.
Italy is resuming the construction of the Trans Adriatic Pipeline (TAP), one of the core projects of the Southern Gas Corridor through which the countries of the European Union (EU) will receive Azerbaijani gas via Georgia and other countries.
The Trans-Anatolian Natural Gas Pipeline (TANAP), a natural gas pipeline from Azerbaijan passing through Georgia and Turkey to Europe, will be opened on June 12 in the Turkish city of Eskisehir.
The Trans-Anatolian Natural Gas Pipeline (TANAP), a natural gas pipeline from Azerbaijan passing through Georgia and Turkey to Europe, has opened today in Turkish city of Eskisehir, reports Trend.az.
Georgia is taking a giant step forward in the energy sector by building its first underground natural gas storage facility to safeguard the country's energy independence.
American multinational oil and gas corporation ExxonMobil has shown an interest in Georgia’s potential in terms of oil and gas, is going to evaluate the potential of hydrocarbons in the country’s west.