11/22/2016
Mick Stump, the President of BP Turkey: "Our Priority Is to Complete Southern Gas Corridor in a Timely Manner and within the Planned Budget"
"50 percent of Southern Caucasian Pipeline is complete. 80 percent of the Shah Deniz phase 2 project is also complete. Our objective is to supply gas to Turkey in 2018 and to Europe in early 2020."
"Turkish Stream is an alternative source for security of natural gas supply. There is a large market in Turkey with the potential in Balkans. The market promotes innovation while it lowers the costs. This will always provide advantages to market players."
Mick Stump, the President of BP Turkey commented on the operations at Shah Sea phase 2 which is to supply natural gas to Trans-Anatolian Natural Gas Pipeline (TANAP). "Our objective is to supply gas to Turkey in 2018 and to Europe in early 2020" Reminding that the ground breaking ceremony of Trans-Adriatic Pipeline (TAP) that was the European leg of the southern gas corridor was made in May, Stump said: "50 percent of Southern Caucasian Pipeline that was the initial part of the project is complete. 80 percent of Shah Deniz phase 2 project is also complete. We are working at full speed with the project partners. Our objective is to supply gas to Turkey in 2018 and to Europe in early 2020." "The Turkish Stream Project will ensure diversity in terms of security of supply" Stating that the Turkish Stream project that will supply gas to Turkey and Europe would provide diversity in terms of security of energy supply, Stump noted that increased alternatives in the natural gas market would provide advantages to the parties. Noting that their priority is to complete Southern Gas Corridor in a timely manner and within the planned budget, Stump said: "(Turkish Stream) makes an alternative source for security of natural gas supply. There is a large market in Turkey with the potential in Balkans. The market promotes innovation while it lowers the costs. This will always provide advantages to market players. In this respect, our objective is to supply reliable and clean energy fit for the lighting, heating, and transportation needs of the world".
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