Middle East Economic Survey

VOL. LIV

No 18

2-May-2011

CASPIAN

EGL-Botas Deal Boosts Prospects For TAP Pipeline

Switzerlands Elektrizitaets-Gesellschaft Laufenburg AG (EGL) signed on 25 April a memorandum of understanding (MOU) with Turkeys Botas that could open up the way for promotion of the Trans Adriatic Pipeline (TAP) gas project via Turkey. The MOU calls for cooperation in the fields of oil and gas transportation and trading, while also defining a specific framework for the...