TAP Corporate Brochure (English)
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The Southern Gas Corridor
Energy July 2013 THE SOUTHERN GAS CORRIDOR The recent decision of The State Oil Company of The EU Energy Security and Solidarity Action Plan the Azerbaijan Republic (SOCAR) and its consortium identified the development of a Southern Gas partners to transport the Shah Deniz gas through Corridor to supply Europe with gas from Caspian Southern Europe via the Trans Adriatic Pipeline (TAP) and Middle Eastern sources as one of the EU’s is a key milestone in the creation of the Southern “highest energy securities priorities”. Azerbaijan, Gas Corridor. Turkmenistan, Iraq and Mashreq countries (as well as in the longer term, when political conditions This Briefing examines the origins, aims and permit, Uzbekistan and Iran) were identified development of the Southern Gas Corridor, including as partners which the EU would work with to the competing proposals to deliver gas through it. secure commitments for the supply of gas and the construction of the pipelines necessary for its Background development. It was clear from the Action Plan that the EU wanted increased independence from In 2007, driven by political incidents in gas supplier Russia. The EU Commission President José Manuel and transit countries, and the dependence by some Barroso stated that the EU needs “a collective EU Member States on a single gas supplier, the approach to key infrastructure to diversify our European Council agreed a new EU energy and energy supply – pipelines in particular. Today eight environment policy. The policy established a political Member States are reliant on just one supplier for agenda to achieve the Community’s core energy 100% of their gas needs – this is a problem we must objectives of sustainability, competitiveness and address”. -
Joint Declaration on the Southern Gas Corridor
Joint Declaration on the Southern Gas Corridor We, the President of the Republic of Azerbaijan, Ilham Aliyev and the President of the European Commission, José Manuel Durão Barroso, emphasize the importance of energy security and the security of energy transportation; We note that the diversification of the routes of gas supply from the Caspian region to Europe is one of the factors determining that energy security is ensured; We recall the special significance of the Baku-Tbilisi-Ceyhan and Baku-Tbilisi- Erzurum oil and gas pipelines in transporting the energy resources of Azerbaijan and other countries of the Caspian region; We reaffirm the importance of the EU - Azerbaijan energy relationships enshrined notably in the Memorandum of Understanding on strategic partnership between the European Union and the Republic of Azerbaijan in the field of energy signed by President Ilham Aliyev and President José Manuel Durão Barroso in Brussels in November 2006, the relevant provisions of the Baku Declaration signed in November 2008, relevant Energy Declaration of the Prague summit in May 2009; We hereby: 1. Declare that our common objective is to see the Southern Corridor established and operational as soon as possible and to establish the Republic of Azerbaijan as a substantial contributor to – and enabler of – the Southern Gas Corridor; 2. Urge a swift allocation process for the available gas resources at the Shah Deniz 2 Project and other fields in Azerbaijan and we encourage investors to take all possible measures for the joint allocation of that gas in a timely manner; 3. State that by enabling the transport of natural gas from fields in Azerbaijan and beyond, this strategic corridor complements the existing gas corridors of the European Union, with the creation of this route from the Caspian region to the European market also corresponding to the shared strategic objective of the European Union and the Republic of Azerbaijan to diversify gas delivery routes and establish direct energy and transport links; 4. -
Statoil-2015-Statutory-Report.Pdf
2015 Statutory report in accordance with Norwegian authority requirements © Statoil 2016 STATOIL ASA BOX 8500 NO-4035 STAVANGER NORWAY TELEPHONE: +47 51 99 00 00 www.statoil.com Cover photo: Øyvind Hagen Statutory report 2015 Board of directors report ................................................................................................................................................................................................................................................................ 3 The Statoil share ............................................................................................................................................................................................................................................................................ 4 Our business ..................................................................................................................................................................................................................................................................................... 4 Group profit and loss analysis .................................................................................................................................................................................................................................................... 6 Cash flows ........................................................................................................................................................................................................................................................................................ -
28 January 2016 Werner Hoyer President of the Management
28 January 2016 Werner Hoyer President of the Management Committee, Chairman of the Board of Directors European Investment Bank 100, boulevard Konrad Adenauer L-2950 Luxembourg Object: The EIB should not finance the Southern Gas Corridor Dear President of the European Investment Bank, On behalf of a group of 27 NGOs, we are sending you this letter to express our concerns about the Southern Gas Corridor and to urge the EIB not to finance any section of this project. The EIB is currently considering making the biggest loan of its history (EUR 2 billion) to the Consortium in charge of developing the western section of the corridor, the Trans-Adriatic Pipeline (TAP). In addition, Bloomberg has recently reported that the bank is part of preliminary talks with other multinational institutions for another EUR 2 billion loan to the Turkish state company Botas for the construction of the TANAP, the Turkish section of the Southern Gas Corridor. This comes as no surprise since in February 2015, during the annual meeting between civil society and the EIB Board of Directors, the EIB revealed that the TAP was among its priority projects for 2015 in the Balkans. We urge the EIB not to finance this project for the following reasons: 1/ During the COP21 in Paris, the EIB made numerous announcements about its commitment to tackle the climate crisis and portrayed itself as a leader on climate issues. But if the Southern Gas Corridor does materialiZe and ends up pumping more gas into Europe, the chances of meeting the EU's climate and energy targets for 2030 and its longer term decarbonisation objectives, would hardly be attainable. -
The Southern Gas Corridor the Azerbaijani-Turkish Project Becomes Part of the Game Between Russia and the EU
53 THE SOUTHERN GAS CORRIDOR THE AZERBAIjaNI-TURKISH PROJECT BECOMES PART OF THE GAME BETWEEN RUSSIA AND THE EU Aleksandra Jarosiewicz NUMBER 53 WARSAW AUGUST 2015 THE SOUTHERN GAS CORRIDOR THE AZerbaIJANI-TurKISH PROJECT beCOmes Part OF THE game between RussIA anD THE EU Aleksandra Jarosiewicz © Copyright by Ośrodek Studiów Wschodnich im. Marka Karpia / Centre for Eastern Studies Content editors Olaf Osica, Krzysztof Strachota, Adam Eberhardt Editor Halina Kowalczyk, Anna Łabuszewska Translation Ilona Duchnowicz Co-operation Timothy Harrell Graphic design PARA-BUCH DTP GroupMedia MAP Wojciech Mańkowski Photograph on cover Shutterstock The author would like to thank International Research Networks for making it possible for her to participate in the Turkey Oil and Gas Submit conference in 2014. PUBLISHER Ośrodek Studiów Wschodnich im. Marka Karpia Centre for Eastern Studies ul. Koszykowa 6a, Warsaw, Poland Phone + 48 /22/ 525 80 00 Fax: + 48 /22/ 525 80 40 osw.waw.pl ISBN 978-83-62936-75-5 Contents THESES /5 INTRODUCTION /7 I. THE genesIS anD THE EVOLutION OF THE EU’S SOutHern Gas CORRIDOR CONCEPT /9 II. THE COrrIDOR TODAY: new INFrastruCture Owners anD new RULes OF OPeratION /13 III. THE SIgnIFICANCE OF THE SOutHern Gas CORRIDOR FOR THE energY seCTOR /17 1. Azerbaijan – the life line /17 2. Turkey – TANAP as a stage in the construction of a gas hub /19 3. The EU – a drop in the ocean of needs /20 IV. UKraIne Casts A SHADOW OVer THE SOutHern Gas CORRIDOR /22 1. Turkish Stream instead of South Stream – the Russian gas gambit /23 2. The EU’s interest in the Southern Gas Corridor – no implementation instruments /27 V. -
Conclusions Report
TAP TANAP Complaint SG/E/2019/02 Complaints Mechanism - Complaints Mechanism - Complaints Mechanism - Complaints Mechanism CONCLUSIONS REPORT 10 July 2020 EIB Complaints Mechanism Prepared by Complaints Mechanism External Distribution Complainants Internal Distribution Management Committee Secretary General Inspector General EIB services concerned 2. TAP TANAP The EIB Complaints Mechanism The EIB Complaints Mechanism is designed to provide the public with a tool enabling alternative and pre-emptive resolution of disputes in cases in which members of the public feel that the EIB Group has done something wrong, i.e. if they consider that the EIB has committed an act of maladministration. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal – the Complaints Mechanism Division (EIB-CM) – and one external – the European Ombudsman (EO). Complainants who are not satisfied with the EIB-CM’s reply have the right to lodge a complaint of maladministration against the EIB with the European Ombudsman. The EO was “created” by the Maastricht Treaty of 1992 as a European Union (EU) institution to which any EU citizen or entity may appeal to investigate any EU institution or body on the grounds of maladministration. Maladministration means poor or failed administration. This occurs when the EIB Group fails to act in accordance with the applicable legislation and/or established policies, standards and procedures, fails to respect the principles of good administration or violates human rights. Some examples, as set out by the European Ombudsman, are: administrative irregularities, unfairness, discrimination, abuse of power, failure to reply, refusal to provide information, unnecessary delay. -
Europe's Southern Gas Corridor
Atlantic Council GLOBAL ENERGY CENTER ISSUE BRIEF Europe’s Southern Gas Corridor: The Italian (Dis)connection OCTOBER 2018 JOHN M. ROBERTS Introduction: “There is no Plan B” he next few months will likely prove crucial for the completion of the Southern Gas Corridor (SGC), Europe’s biggest integrat- ed energy project. The project is already delivering Azerbaijani gas to Turkey and in 2020 it is scheduled to start supplying Italy Tand European customers beyond Italy. Although more than three-quarters of the project has been completed, there is still a question concerning a crucial element: landfall in Italy. Vehement local opposition to a landing at San Foca, located on Italy’s heel, threatens the completion of the Corridor’s last major component, the Trans Adriatic Pipeline (TAP). The problem is that there are no good al- ternatives to San Foca. Those that might exist are examined in this paper, but each of them raises complex questions that cannot be solved quickly. Officially there is optimism that all will be well. Public statements stress that the project will be completed, and even assert that it will be com- pleted on time. During a discussion on the Southern Gas Corridor held by the Atlantic Council on September 11, 2018, representatives from BP and the State Oil Company of Azerbaijan (SOCAR)—the two companies involved in the entire value chain of SGC projects—made some extremely forthright comments. “Progress is being made and I am very confident that we will land this The Atlantic Council’s Global pipeline in Italy,” said Emily Olson, BP’s vice president, Communications Energy Center promotes energy and External Affairs, Southern Corridor. -
Ten-Year Development Plan for Georgian Gas Transmission Network 2018-2027
Ten-Year Development Plan for Georgian Gas Transmission Network 2018-2027 October 2017 1 The document represents a 10-year Georgian gas transmission and related infrastructure development plan. It was prepared on the basis of 2016 and 2017 year editions of “10-Year Development Plan for Georgian Gas Transmission Infrastructure)’’, considering the actual situation of current period. The 10-year Gas Network Development Plan was discussed with the Georgian Gas Transportation Company, presented to the Ministry of Energy of Georgia, the Georgian National Energy Regulatory Commission and other stakeholders. Consultations regarding the information used in and information on the project implementation of the 10-year Gas Network Development Plan can be obtained from GOGC Strategic Planning and Projects Department. Head of the Department: Teimuraz Gochitashvili, Dr. Sci, professor, Tel: +(995 32) 2244040 (414); E-mail: [email protected] 2 Contents Abbreviations ...........................................................................................................................4 Executive summary ..................................................................................................................5 1. Introduction .....................................................................................................................7 1.1. General provisions............................................................................................................ 7 1.2. Formal and methodological basis for preparing the plan .............................................. -
Gas Pipeline to the EU from Turkmenistan and Azerbaijan, Via
Project of common Gas pipeline to the EU from Turkmenistan and Azerbaijan, interest: via Georgia and Turkey, [currently known as the combination 7.1.1 of “Trans-Caspian Gas Pipeline” (TCP), “South-Caucasus Pipeline Future Expansion” (SCPFX) PCI fiche Southern Gas Corridor CATEGORY Gas CLUSTER 7.1: PCI Cluster of integrated, dedicated and scalable transport infrastructure and associated equipment for the transportation of a minimum of 10 bcm/a of new sources of gas from the Caspian Region, crossing Azerbaijan, Georgia and Turkey and reaching EU markets in Greece and Italy. COUNTRIES CONCERNED Azerbaijan(AZ) Georgia(GE) Turkmenistan(TM) PROMOTERS SCPFX: SOCAR MIDSTREAM OPERATIONS (AZ) TCP: W-Stream Caspian Technical description Pipeline Company Ltd (GE) TCP: Offshore pipeline in the Caspian Sea with a length of 300 km and an ultimate capacity of 32 bcm/a will branch-off at a connection with the East-West pipeline in PCI WEBSITE(S) http://www.w-stream- Turkmenistan or, for the first stage, from a collection point of offshore Caspian transcaspian.com/ production/treatment in Turkmenistan. It will feed into Sangachal terminal/SCP in https://www.bp.com/en_az/ca spian/operationsprojects/pipel Azerbaijan. ines/SCP.html SCPFX: Upgrade of the existing SCP pipeline system between Azerbaijan and Turkey via Georgia with throughput capacity upgrades of 5 bcm/y by 2024 (on top LOCATION of the expanded capacities under SCPX project). SCPFX project currently TCP: From Turkmenistan (tie- in to the East-West Pipeline envisages the construction of 3 additional loops in Georgia, with the total length of or offshore collection points) about 93 km and 1 additional compressor station in Azerbaijan. -
Southern European Energy Corridor: Status, Prospects and Geopolitics
SOUTHERN EUROPEAN ENERGY CORRIDOR: STATUS, PROSPECTS AND GEOPOLITICS EVENT SUMMARY Drafted by: Kevin Ryan Another event in the Wilson Center’s Regional and Global Energy Series took place on April 14, as the Global Europe Program hosted two panels of distinguished speakers to focus on the progress made in the Southern Gas Corridor project. The Corridor offers significant support for helping to meet Europe’s rising energy demands, but also faces challenges to its ultimate success. The introductory speakers representing the government and industry perspective were: • Robin Dunnigan, Deputy Assistant Secretary for Energy Diplomacy, U.S. Department of State • Greg Saunders, Senior Director for International Affairs, BP The speakers in the second panel were: • Richard Morningstar, Founding Director, Global Energy Center, Atlantic Council; former Special Eurasian Energy Envoy and US Ambassador to Azerbaijan • Richard Kauzlarich, Co-Director, Center for Energy Science and Policy, Adjunct Professor, School of Public Policy, George Mason University, and former US Ambassador to Azerbaijan • Emre Tuncalp, Managing Partner, Sidar Global Advisors • Julia Nanay, Principal, Energy Ventures LLC, and former Senior Director, PFC & IHS Energy Andrew Selee, Executive Vice President of the Wilson Center, opened the event by emphasizing the importance of this timely discussion of the Southern Gas Corridor and the impact the book Energy and Security (published by the Wilson Center Press and Johns Hopkins University Press) has on the discussion of the future of global energy security. Mr. Selee introduced Jan Kalicki, Public Policy Fellow and Energy Lead at the Wilson Center and, with David L. Goldwyn, co- editor of Energy and Security, who moderated this event. -
Prospectus of 31 March 2014
Statoil ASA, prospectus of 31 March 2014 Registration Document Prospectus Statoil ASA Registration Document Stavanger, 31 March 2014 Dealer: 1 of 47 Statoil ASA, prospectus of 31 March 2014 Registration Document Important information The Registration Document is based on sources such as annual reports and publicly available information and forward looking information based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for the Company's and Guarantor’s (including subsidiaries and affiliates) lines of business. A prospective investor should consider carefully the factors set forth in chapter 1 Risk factors, and elsewhere in the Prospectus, and should consult his or her own expert advisers as to the suitability of an investment in the bonds. This Registration Document is subject to the general business terms of the Dealer, available at its website (www.dnb.no). The Dealer and/or affiliated companies and/or officers, directors and employees may be a market maker or hold a position in any instrument or related instrument discussed in this Registration Document, and may perform or seek to perform financial advisory or banking services related to such instruments. The Dealer’s corporate finance department may act as manager or co-manager for this Company and/or Guarantor in private and/or public placement and/or resale not publicly available or commonly known. Copies of this presentation are not being mailed or otherwise distributed or sent in or into or made available in the United States. Persons receiving this document (including custodians, nominees and trustees) must not distribute or send such documents or any related documents in or into the United States. -
Annual Report 2015
REPUBLIC OF ALBANIA ENERGY REGULATOR AUTHORITY ANNUAL REPORT Power Sector Situation and ERE Activity during 2015 Tirana, 2016 Annual Report 2015 March 2016 ERE CONTENT I. Introductory Speech ........................................................................................................................ 9 Petrit Ahmeti......................................................................................................................................... 14 Introduction ............................................................................................................................................. 15 ERE Organizational Structure... .......................................................................................................... 15 ERE Board … ........................................................................................................................................ 15 ERE Organisation chart ...................................................................................................................... 17 1. Part I: Electricity Market Regulation ……………………....................................................................... 18 1.1 Electricity Market ………............................................................................................................. 19 1.2 Electricity Generation ……… ..................................................................................................... 22 1.2.1 Electricity Capacities and Generation …………… ...................................................................