Specialist's Corner
Mr Slim Temimi "The Environmentally Friendly Water Based Drilling Fluid That Drills Like an Oil Based Fluid & reduce your drilling time by 20%" read
Agreement signed by partners of ITGI natural gas pipeline
Italy’s Edison SPA, Turkey’s state-owned Botas, and Greece’s Depa SA signed a memorandum of understanding to transport natural gas from the Caspian Sea region to Italy via Turkey and the Adriatic, reducing Europe’s dependence on Russia as the main gas supplier.
The MOU defines the general terms and conditions for
the gas transit for the Interconnection Turkey-Greece-Italy (ITGI)
Project through Turkey. The agreement includes usage of Botas’ existing
capacity up to the Greek border for the gas requested by the ITGI line.
“Today's
agreement is a big step forward for ITGI because it completes the
framework for transit in Turkey and enables us to speed up the
finalization of the gas contract with Azerbaijan,” said Edison Executive
Vice-Pres. Roberto Poli.
The 804-km ITGI line, which will go
into service in 2015, is comprised of three sections: the Turkish gas
grid, which will be upgraded in order to enable transit of the volumes
to Greece and Italy; the Interconnection Turkey-Greece (ITG), a 36-in.
line completed in 2007; and the 800-km Interconnection Greece-Italy
(IGI) line, yet to be built, which will have a transport capacity of 8
billion cu m/year.
The ITGI line is considered an integral part
of Europe's plan to cut its dependence on Russian gas, aiming connect
Azerbaijan's Shah Deniz gas field to Italy via Turkey and the Adriatic.
The ITGI system is part of the Southern Corridor, which also includes
several other projects aimed at bypassing Russia: the Nabucco pipeline,
the Trans Adriatic Pipeline (TAP), and the White Stream pipeline.
ITGI’s
most recent accord follows an agreement signed earlier this month by
Turkey and Azerbaijan that analysts said opened the way for the first
Central Asian gas exports to Europe.
In a key development under
the agreement, Turkey would have the right to re-export gas from the
second phase of production of the Shah Deniz field offshore Azerbaijan
in the Caspian Sea.
Add this page to your favorite Social Bookmarking websites
