"Azerbaijan`s possession of large reserves of oil and gas is our nation`s good fortune and is the most important factor for the welfare of its people and the country`s development, now and in the future".
Heydar Aliyev

The 22nd International Caspian Oil and Gas Exhibition and Conference

On June 3-5, 22nd International Caspian Oil and Gas conference were held in Baku. The organizer of forum “ITE Group Plc” Senior Advisor of the..

Jobs have been continued rapidly on the implementation of oil-gas industry project Southern gas Corridor. 

 


Southern Gas Corridor and TANAP were founded

This project which predicts producing of natural gas, will change the map of the region, produced at “Shahdeniz” field-one of the biggest natural gas field in the world’s sea area,will open a new bright page for Azerbaijan, Georgia, Turkey cooperation with European Union countries at energy area. Azerbaijan Republic President Ilham Aliyev has called the Southern gas corridor as “21th Century project which regarded as a ”New Silk Road” in transportation of energy resources. Foundation of the corridor was on the 20th day of the signing of the century contract 20th anniversary.-20 September 2014.

Azerbaijan Republic President Ilham Aliyev, Bulgaria Republic President Rosen Plevneliev, Georgia Prime Minister Irakli Garibashvili, Greece Prime Minister Antonia Samara, Montenegro Prime Minister Milo Djukanovic participated at festive ceremony which held in Baku at Heydar Aliyev Center on occasion of Southern gas corridor foundation and 20th anniversary of “Century Contract”. Azerbaijan Republic President Ilham Aliyev and guests have talked about importance of the project. Our President said that, this project would give new additional dividends to Azerbaijan. Economy of the country would be developed rapidly. Although over the last ten years Azerbaijan economy had been fast-growing economy in the world-wide. This project opened new opportunities for us. At the same time, this project was useful for our partner countries. There would be no losers As a result of this project. Each part would benefit. Transit countries –they were consumer countries at the same time. Consumer countries would attain the diversification of gas sources. These projects were providing project of Europe energy security. It is not accidental,3 year ago between Europe Commission and Azerbaijan signed document put this factor to the spotlight that, Azerbaijan was very important country in the providing of Europe energy security. This role would increase after this day.”

After “Heydar Aliyev Center” ceremony heads of government and states, other officials went to Sangachal terminal. Foundation of Southern Gas Corridor ceremony held there. Azerbaijan Republic President Ilham Aliyev and other participants of ceremony put their handprints on the specific models as a symbol.

Azerbaijan Republic President Ilham Aliyev, Georgia Prime Minister Irakli Garibashvili, Turkey Energy and Natural Resources Minister Taner Yildiz , Greece Prime Minister Antonis Samatos, Bulgaria President Rosen Plevneliev, Albania Energy Minister Damian Giknuri , Uk and Northern Ireland Trade and Investment Minister Lord Livingston, USA State Department special representative on the international energy issues Amos Hokstain, BP company Chief Executive Officer Robert Dadli, Azerbaijan Energy Minister Natig Aliyev and SOCAR President Rovnag Abdullayev have signed the first pipe which wil be the basis of Southern Gas Corridor. Thus, Southern gas Corridor foundation laid.

Southern gas corridor will consist of 3 main pipeline; available Southern Caucasus Pipeline will expand with new parallel pipeline along the area of Azerbaijan and Turkey ,produced volumes of gas in the second phase frame of utilization “Shahdeniz” field will transferred along Turkey area throughout Trans-Anatolia pipeline (TANAP), while Trans-Adriatik Pipeline (TAP) which will connected to TANAP in Turkey-Greece border-will transferred to Italy, through and Albania area.

Part of Southern gas corridor which will run through Turkey-Trans Anatolia Natural Gas Pipeline project is one of the most bright example
of the successful cooperation between two brother country Azerbaijan and Turkey. Aim of this giant project
is for providing Turkey and Europe Union countries’ energy security and diversification of region natural gas supply.This agreement which a result of Azerbaijan and Turkey Presidents’ initiative and effort was signed in Istanbul 2012. TANAP has a great importance as connecting link of Southern gas Corridor. The implementation of the proposed project during 5 year will have done stage by stage and the first stage will end in 2018.The volume of gas will transport via this pipeline, will be 16 billion in 2020,23 billion in 2023,31 billion cubic meters in 2026.In the first period 10 billion cubic meters from 16 billion cubic meters Azerbaijan gas will transferred
to Europe with pipeline and 6 billion cubic meters will sell to Turkey
in 2026.

Partnership agreement has signed on TANAP project in Ankara, on March 2015.full- fledged membership of BP at TANAP project has formalized by signing of Partnership agreement at ceremony with participating of Turkey Republic Energy and Natural Resources Minister Taner Yildiz, SOCAR President Rovnag Abdulayev,BP regional President on Azerbaijan, Georgia and Turkey Gordon Birrell, BOTASH Chief Executive Director Mehmet Konuk, TANAP Chief Executive Director SAltuk Duzyol, Chief Executive Director of Southern Gas Corridor company Afgan Isayev. Stakes are determined between TANAP projects’ partners so; Azerbaijan Southern Gas Corridor company-58%, BOTASH-30%, BP-12%.

On 17 March, intense efforts of Azerbaijan and Turkey logically resulted and historic events were signed at development of TANAP project. TANAP founded in Selim district of Kars Province in Turkey with festive ceremony. Azerbaijan Republic President Ilham Aliyev, Turkey President Rajab Tayyib Erdogan and Georgia President Giorgi Margvelashvili participated at the ceremony. The dedicated movie to TANAP project demonstrated. It was noted that, TANAP was signature of Azerbaijan-Turkey brotherhood which was put to Anatolian. This deathless brotherhood’s new page opens with TANAP which reflected in Azerbaijan Republic National Leader Heydar Aliyev’s testimony “One nation, two states”.