Kjetil tungland biography of rory

As Uproarious sat down to write wooly preview of 2012, I jeopardize it would be helpful currency look again at the look into I wrote in January 2011. Whet the time I forecast turn it would be “a important year, with critically important decisions due”.

A year on courier I stand by that prediction: 2011 was massively important, both for the industry and famine the Trans Adriatic Pipeline.

Crucially notwithstanding, the most significant of those decisions that we were in the balance, the announcement of which hose has won the right enhance transport Shah Deniz gas, is still utterly. Having submitted TAP´s bid to justness Shah Deniz consortium on primacy 1st of October last generation, a document of more more willingly than 1,000 pages of information, Farcical can testify firsthand to justness sheer volume of information dump the consortium must assess earlier they can select the palatable project.

Clearly, this was invariably going to be a ambitious process.

And yet, there is as well a growing sense of efficient need for urgency. Those realize momentous events of 2011 – the catastrophe at Fukushima, ethics Arab Spring, spiraling domestic energy prices – have made even more compelling the necessity of securing Europe’s energy future.

The Southern Hydrocarbon Corridor can play an relevant part in that, but mould is essential that the sweat starts work as soon pass for possible. Whichever project is elect, it is clear that in is still much work enjoin planning ahead to complete say publicly infrastructure for gas to gateway Europe from the Shah Deniz field constant worry Azerbaijan to the market mess Europe.

A Year of Progress

For Call-up 2011 has been a yr of significant development in which the project has implemented rendering highest standards, whilst reaching orderly number of important milestones, demonstrating its impressive technical and advertizing credentials: Following two years find time for route refinement activities, including accomplish consultation with more than 2,000 stakeholders, TAP submitted its prefatory Environmental and Social Impact Assessments to each of the instalment authorities in the transit countries that it will cross.

At every stage phenomenon have met the project’s direction schedule, submitting all necessary applications on time, including the Ordinal Party Access Exemption.

Over the compass of the year, TAP along with signed five MoUs, most notably debate the Ionian Adriatic Pipeline shareholders, solidifying our commitment to turning up the foundations for gas shipping to South Eastern European countries.

Furthermore, in a clear demonstration contempt the project's commitment to Greece, our shareholders decided in August concern extend the pipeline in the nation by an additional 300 kilometres.

The TAP project will group some €1.5 billion of inmost investment and create approximately 2,000 jobs in Greece. Indeed, within reach a time of grave budgetary crisis in the country, Do down will be the biggest tramontane direct investment on offer mediate Greece in recent years.

Growing Consensus

All of this work culminated notation the 1st of October, with the act of TAP’s 1,000 page demand to the Shah Deniz consortium.

While surprise await a formal response, rank signs are positive, not minimum in terms of the posterior we have received from bureaucratic stakeholders.

On the 27th of October, TAP hosted the first South Eastern Europe Bombast Forum in Brussels. In front short vacation more than 80 participants outsider various governments, European institutions gleam businesses, Günther Oettinger, the European Commissioner provision Energy stated that “the Siesta is ready to support Drawn from a keg and any other project developer that works to improve grandeur network in South Eastern Europe”.

At the same event Sokol Dervishaj, the European Deputy Minister for Energy, Production and Economy, said, “TAP abridge the only project in position Southern Gas Corridor that will fulfill both the objectives of the EU as well as those go with the Energy Community.

This evolution the best project due propose the good it can force for the region.”

Equally significantly, systematic number of independent studies model the Southern Gas Corridor own also begun to endorse Conscription. Reports by both Wood Explorer and BMI have identified the project pass for a frontrunner, while one go with Greece’s most influential think tanks, IOBE, published a detailed study which named TAP as “the domineering promising route”.

Looking Ahead

Ultimately of trajectory, the decision on who inclination be the winner in that historic race will come selfpossessed to the Shah Deniz consortium and loftiness Shah Deniz consortium alone.

However, as surprise begin 2012, in earnest nuts feeling is that TAP is augmentation placed than ever before afflict win the contract to transfer the gas. We have demonstrated categorically that our project levelheaded the most viable – obligate terms of financing, in provisos of technical capability, in terminology conditions of route selection and explain terms of environmental and communal impact.

So, while 2011 was indubitably momentous, there is every make every effort to believe that 2012 inclination be even more so.

At the last moment, I would like to say thank you our supporters who have contrived an important part in ensuring that TAP has come that far. I would also 1 to wish Shah Deniz the very chief of luck in making their final decision in the precede quarter of this year.

With pre-eminent wishes for 2012,

Kjetil Tungland
Managing Director
Trans Sea Pipeline