Why do European players want Shah Deniz Phase II gas into Italy?



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Report summary

On the 19th of September 2013 the Shah Deniz Phase II consortium signed 9 separate 25 year gas sales contracts for the 10 bcm of its production to be routed through Turkey into European countries starting from 2019. The "Resolution to Construct" for TAP the pipeline selected by the consortium to reach Southern Italy is anticipated in October/November. The "Final Investment Decision" on the Shah Deniz Phase II upstream development is expected to follow a month later. The decision to build...

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    Why do European players want Shah Deniz Phase II gas into Italy?

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This report includes 5 images and tables including:


  • Italian* and European prices: spot vs oil indexed
  • Continental European hub total traded volumes
  • Production, contracted* supply and demand
  • Shah Deniz phase II contracts into Italy* - buyers
  • Sales/usage and procurement in 2012

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