Azeri volumes are enough to develop ITGI, project manager says
Azerbaijani volumes are sufficient to underpin the development of a
medium-sized EU pipeline such as ITGI, EU information website
EurActiv reported referring to the project manager Elio
Ruggeri.
Presuming that gas demand in Europe remains low until 2015, the Edison representative predicts that Azerbaijan could serve as the only gas supplier from that area, via Turkey. However, gas supplies to Europe from Azerbaijan would remain modest and could total two bcm/y, he said.
Ruggeri insisted that his company was not competing with Nabucco, which in his words was the "next phase of the southern corridor".
The Edison-favoured ITGI project (Interconnection Turkey-Greece-Italy) is more competitive in terms of cost. If Nabucco were built without enough gas supplies and worked at half its capacity or less, the cost of such gas would be very high for the consumer.
ITGI transport corridor which will transport Azerbaijani gas to Greece and Italy includes updated Turkish pipeline infrastructure and also ITG projects (Turkey-Greece junction pipeline) and IGI. Greece-Italy junction pipeline is a missing link of Turkey-Greece-Italy transport corridor which enables to transport gas from the Caspian region and Middle East to Italy and West Europe via Turkey and Greece. The designed carrying capacity of ITGI is 12bln cu m per year.
When operational, ITGI would stretch from Azerbaijan across Georgia (the existing Baku-Tbilisi-Erzerum pipeline) and Turkey into Greece and from there into Italy, across the Ionian Sea.
Nabucco is worth 7.9 billion euro. Participants are Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE companies. Each of participants has equal share of 16.67 percent. Construction of the pipeline is planned for 2011 and first supplies for 2014. The pipeline's maximum capacity will hit 31 billion cubic meters per year. Nabucco Gas Pipeline International shareholders will invest 30 percent of the total cost, and the remaining 70 percent will be paid owing to loans. *
Presuming that gas demand in Europe remains low until 2015, the Edison representative predicts that Azerbaijan could serve as the only gas supplier from that area, via Turkey. However, gas supplies to Europe from Azerbaijan would remain modest and could total two bcm/y, he said.
Ruggeri insisted that his company was not competing with Nabucco, which in his words was the "next phase of the southern corridor".
The Edison-favoured ITGI project (Interconnection Turkey-Greece-Italy) is more competitive in terms of cost. If Nabucco were built without enough gas supplies and worked at half its capacity or less, the cost of such gas would be very high for the consumer.
ITGI transport corridor which will transport Azerbaijani gas to Greece and Italy includes updated Turkish pipeline infrastructure and also ITG projects (Turkey-Greece junction pipeline) and IGI. Greece-Italy junction pipeline is a missing link of Turkey-Greece-Italy transport corridor which enables to transport gas from the Caspian region and Middle East to Italy and West Europe via Turkey and Greece. The designed carrying capacity of ITGI is 12bln cu m per year.
When operational, ITGI would stretch from Azerbaijan across Georgia (the existing Baku-Tbilisi-Erzerum pipeline) and Turkey into Greece and from there into Italy, across the Ionian Sea.
Nabucco is worth 7.9 billion euro. Participants are Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and German RWE companies. Each of participants has equal share of 16.67 percent. Construction of the pipeline is planned for 2011 and first supplies for 2014. The pipeline's maximum capacity will hit 31 billion cubic meters per year. Nabucco Gas Pipeline International shareholders will invest 30 percent of the total cost, and the remaining 70 percent will be paid owing to loans. *
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