Frustrated by the lack of progress regarding three projects to carry Caspian gas to Europe through Turkey, energy giant British Petroleum has put a fourth idea on the table, according to the Financial Times.
The idea, which may be offered to Baku soon, involves the construction of a 1,300-kilometer pipeline as
an alternative route, the FT said. “The scheme is a new entrant in the highly charged competition to build a supply route to the Caspian basin,” it said.
The proposal comes as an alternative to the Nabucco, the Trans-Adriatic Pipeline and the Interconnector-Turkey- Greece-Italy, or ITGI, schemes.
Speaking to the Hürriyet Daily News on Tuesday, Murat LeCompte, press spokesman for BP Turkey, recalled that companies within these three projects will present their tariff offers to the Shah Deniz consortium on Saturday, regarding the extraction and transfer of Shah Deniz gas. The consortium consists of nine companies, with BP and Statoil as the biggest shareholders. Turkey’s state oil company TPAO has a 10 percent stake in the consortium.
The consortium has to decide on which route to take by the end of the year.
BP’s offer “is a fourth, stand-alone project, an idea,” LeCompte said. “The idea is that the gas pipeline [starting from the Caspian] and going through Turkey will be constructed, and every country will take the gas by using its own network.”
The idea is suggested by BP, but it is open to “other participants,” LeCompte told the Daily News.
BP’s South-East Europe Pipeline has emerged before a crucial deadline, FT said.
On Saturday, Nabucco and its two competitors will present their tariff offers to the Shah Deniz consortium, which includes both BP and Azerbaijan’s state run energy company Socar.