Trans Adriatic Pipeline Hires BG Executive as New Managing Director


LONDON, Jan 7 (Reuters) – Trans Adriatic Pipeline (TAP), the 870 km (540.59 miles) pipeline set to bring gas from Azerbaijan to Europe, has appointed BG executive Ian Bradshaw as new Managing Director to replace departing Kjetil Tungland.

Bradshaw, who will take up his new position on Feb. 1, oversaw BG's global projects portfolio, such as the recently opened $20.4 billion Queensland Curtis LNG project.

Tungland will return to Norwegian oil producer Statoil after heading the pipeline project for four and a half years on secondment.

The Azeri Shah Deniz consortium chose the TAP project in June 2013 as its preferred route to transport gas from its huge gas field to Europe.

Three companies each own 20 percent of TAP: BP, SOCAR and Statoil. Fluxys has a 19 percent share, while Enagas owns 16 percent and Axpo owns 5 percent.

TAP is the largest project underway to bring fresh gas supplies to European buyers after Russia's Gazprom shelved plans last month to build its South Stream gas pipeline to southern Europe.

(Reporting by Karolin Schaps, editing by William Hardy)

Copyright 2016 Thomson Reuters. Click for Restrictions.


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Al Tinfoil | Jan. 8, 2015
Gazprom did not "shelve" South Stream. South Stream and its 63 Billion cubic metres per year of natural gas have been redirected from the Bulgaria/Serbia/Hungary/ Austria route to Europe via Turkey and a hub at the Turkey/Greek border. This sidestepped the EC competition rules in the Third Energy Package and overturned the EC power play meant to force Gazprom to turn over control and part ownership of the line to EC cronies. Now the EC and EU countries on the line route are pleading with Russia and Gazprom to let the project go via Bulgaria after all, and now have to play nice with Turkey about EU membership. The TANAP/Nabucco project, that was intended as competition for South Stream, was declared dead in 2013 when Shah Deniz chose TAP instead of TANAP. The EC is now stoutly saying that Nabucco is not dead, apparently saying that Nabucco can be connected to the diverted South Stream in Turkey. Turkeys minister in charge of gas pipelines is reported today as having touted Turkey as the new hub for gas transport to Europe, and as the best route for gas from Israel. TAP is scheduled to carry 10 Billion cubic metres per year of gas, only about 15% of the South Stream capacity.

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