CASPIAN

 
TAP Project Nears Agreement With Transit States
 
Competition between the Nabucco and Trans Adriatic Pipeline (TAP) consortia, the two projects vying to transport the 10-20 bcm/y gas to the EU via Turkey is hotting up. TAP appears to be nearing an agreement with its transit states, and attracting more diplomatic support as Nabucco stagnates. The struggle between the two became more fierce after the Shah Deniz partners, led by BP, SOCAR, Total and Statoil, who control...