ITGI is the only pipeline able to secure a final investment decision for the Southern Corridor by 2013
Thursday, Jan 26, 2012
Speaking at the European Gas Conference 2012 in Vienna today Elio Ruggeri, CEO of IGI Poseidon and head of international gas infrastructures, Edison , the leading Italian energy company commented:
“In order to secure Shah Deniz II production start-up in 2017, it’s essential that the selected project can take a final investment decision by 2013. As acknowledged by many energy experts ITGI, having completed the most relevant permitting and regulatory procedures, is the only Southern Corridor project capable of securing a final investment decision in accordance with the Shah Deniz II schedule. ITGI project’s maturity is an asset for both Europe , as it secures quick availability of Azeri gas, and for the Shah Deniz consortium, as it reduces the possible risk of delays in the start-up of production.”
Source: ITGI
To access over 2,500 of the latest oil projects from across the world visit Projects OGP for free trial today
Other Pipeline News
- SemGroup, Gavilon and Chesapeake Energy Corporation Announce New Pipeline and Storage Company to Meet Growing Demand for Midstream Services
- Reef Resources Ltd. Provides Update of Ontario Operations and Progress
- Technip awarded subsea contract for the Tubular Bells development in the Gulf of Mexico
- Nextraction Provides Operations and Financing Update
Bookmark with: