Shah Deniz members, Fluxys join Trans Adriatic Pipeline

BP PLC, State Oil Co. of Azerbaijan Republic (SOCAR), and Total SA—members of the international consortium developing Shah Deniz field in Azerbaijan—have exercised their option to join Trans Adriatic Pipeline AG. BP and SOCAR each have taken a 20% share, while Total has acquired 10%. Fluxys, a major gas transit operator in Europe, also joined TAP, taking a 16% stake in the project.

TAP’s shareholders now are BP 20%, SOCAR 20%, Statoil 20%, Fluxys 16%, Total 10%, E.On 9%, and Axpo 5%. Axpo and Statoil previously held 42.5% each, with E.On holding the remaining 15% share.

TAP said its shareholders remain open to further strategic partners joining the project in the future.

The Shah Deniz II consortium earlier this year selected TAP as the project’s European natural gas transport option (OGJ Online, June 26, 2013). TAP will transport as much as 20 billion cu m/year from Shah Deniz through Greece and Albania to Italy, from where it can be shipped further into Western Europe.

Contact Christopher E. Smith at

Related Articles

Market watch: Energy futures prices rose slightly Friday

05/06/2002 Crude oil futures prices rose slightly Friday amid lingering uncertainty about a possible disruption of Middle East supplies, although tensions in ...

Gulf of Mexico oil service sector showing signs of an upturn

05/06/2002 The Gulf of Mexico oil service sector is experiencing the signs of an upturn, analysts with Simmons & Co. International, UBS Warburg LLC, and RBC D...

OTC: Industry, national agencies need to work together to make FPSOs work in the gulf

05/06/2002 Over the coming years, the oil and gas industry will have to keep an open line of communication with national agencies such as the US Coast Guard a...

Market watch: Energy futures prices fall as Iraq lifts embargo

05/07/2002 Crude oil futures prices fell Monday after Iraq announced plans to lift a self-imposed export embargo with exports expected to resume by Wednesday.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected