SOCAR, Azerbaijani oil corporation, submitted a ‘request for a proposal’ and ‘request for information’ concerning European pipelines, which, in the future, are to transport gas to the European Union bypassing the Russian territory.
Presented documents contain a request for information in order to evaluate quality of the project and decisions concerning future route for gas export. SOCAR set a date – October 1, 2011 – for supplying documentation by consortiums accountable for individual projects.
This Azerbaijani energy corporation is a partner in negotiations regarding the second stage of exploiting the Shah Deniz deposit – it will be the primary supplying source for the Southern Gas Corridor leading from the Caspian Sea region to the European Union. Within the Corridor project, there is a plan of building pipelines which will transport a natural gas to European consumers bypassing Russian transmission system. The plan might involve different projects of pipelines, including: IGI Poseidon, Trans-Adriatic Pipeline and Nabucco. The Southern Gas Corridor is one of the European energy policy’s priorities.
Actions taken by the corporation probably will not have any critical importance in a process of choosing a final formfor the Southern Gas Corridor. SOCAR, although it participates in negotiations concerning the Shah Deniz deposit, is not the main shareholder. BP remains the operator (25.5 percent). Other shareholders are: Statoil (25.5 percent), SOCAR (10 percent), Łukoil (10 percent), NICO (10 percent), Total (10 percent), TPAO (9 percent).