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