The ITGI project (a gas pipeline via Turkey-Greece-Italy) should
become the starting point of the Southern Gas Corridor for gas
transport from the Caspian Sea to Europe, Greek Minister for
Environment Tina Birbili said at a meeting with BP officials, Trend
reports.
Other pipelines may join when gas quantities rise.
Birbili had a meeting with Alasdair Cook, BP Vice-President, on the
second stage of the Azerbaijani gas condensate development Shah-Deniz.
The second stage of development is expected to provide gas for the
ITGI project and other gas pipelines of the Southern Corridor, such as
Nabucco and TAP (Trans-Adriatic Pipeline).
Shah-Deniz has 1.2 trillion cubic meters of gas reserves. The
extraction cap within the first stage is at 10 billion cubic meters of
gas and 50,000 barrels of gas condensate. Extraction is expected to
reach 24 billion cubic meters annually.
The first gas supplies are expected in 2017.
The ITGI corridor includes Turkish pipeline infrastructure, ITG
(Turkey-Greece interconnector) and IGI (Greece-Italy). Edison (Italy)
and Depa (Greece) established a joint-stock company, IGI Poseidon
S.A., for construction of the IGI pipeline, also known as Poseidon.
The ITGI pipeline will transport 11.8 billion cubic meters of gas
annually, 3.6 billion of which will be transported to Greece, the rest
to Italy.
