Press Release: Gas from Azerbaijan: Commission welcomes final investment decision to extract gas pledged for Europe

The European Commission on 17 December 2013 welcomed the final investment decision (FID) on extracting gas from the Shah Deniz II gas field in Azerbaijan.

With this long-awaited decision, it is confirmed that Europe will get 10 billion cubics metres (bcm) per year starting from end 2019. All decisions taken so far - including to choose TAP as pipeline to bring gas to Europe - were conditional on this final investment decision.

ESO: Background information: EU Commission welcomes decision on gas pipeline: Door opener for direct link to Caspian Sea http://www.europeansources.info/record/press-release-eu-commission-welcomes-decision-on-gas-pipeline-door-opener-for-direct-link-to-caspian-sea/

EurActiv, 18.12.13: Barroso hails final decision to bring Azeri gas to Europe http://www.euractiv.com/energy/barroso-hails-final-decision-bri-news-532412

ESO: Background information: TAP pipeline to start construction in 2015 http://www.europeansources.info/record/tap-pipeline-to-start-construction-in-2015/

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