Azeri Gas Rivalry Intensifies Day Ahead of Deadline

- September 30th, 2011

Reuters reported that rival European pipeline groups launched a final charm offensive on Azerbaijan to win the rights to export its gas a day ahead of a deadline.

Reuters reported that rival European pipeline groups launched a final charm offensive on Azerbaijan to win the rights to export its gas a day ahead of a deadline.

The market news is quoted as saying:

Three consortiums, Nabucco, Interconnector Turkey-Greece-Italy (ITGI) and the Trans Adriatic Pipeline (TAP), are vying to build the infrastructure to carry gas from the second phase of Azerbaijan’s major Shah Deniz gas field to Europe.

Azerbaijan is expected to decide which project to prioritise before the end of 2011, while the deadline for consortiums to submit their technical and commercial proposals is set for Oct.1.

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