ENTSOG GRIP SNC 2014-2023

7.5 Other Investments

Relevant for the Region

This section introduces four additional projects that stretch across more than one country and can have a potential impact on the Region itself in terms of new interconnections and/or additional available sources of gas.

7.5.1 TRANS ADRIATIC PIPELINE (TAP)

At the end of 2013, a final investment decision (FID) has been taken by the Shah- Deniz-II Consortium on extracting gas from the Shah Deniz II gas field in Azerbaijan, and this decision was key for TAP next steps toward commissioning. With this long- awaited decision, it is confirmed that Europe will get 10 billion cubic metres (bcm) per year starting from the end of 2019. This direct access to the Caspian basin will have a significant impact on energy security and diversification of supplies for Europe. Through its further enlargement, the corridor will have the potential to meet up to 20% of the EU’s gas needs in the long term. The choice of TAP to bring gas from Azerbaijan to Europe creates an additional input for the South-North Corridor intended to bring gas from Italy through Switzerland to- wards North West Europe. As shown in the Figure 7.6 below, the potential of TAP and the so-called Southern Corridor is particularly relevant for European diversifica- tion and security of supply , especially if linked to the broad accessibility also to Middle East in addition to Caspian reserves.

Europe 4.6

Russia 32.9

Caspian & Middle East 101.3

North Africa 8.0

Figure 7.6: Traditional and potential sources of gas to Europe (10 ³ bcm) (Source: Elaboration on BP world energy statistical review (2012))

South-North Corridor GRIP 2014–2023 |

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