The Asian Development Bank (ADB) is set to provide $1bn in financing for the expansion of the Shah Deniz II gas field in Azerbaijan.
SapuraKencana TL Offshore has won a MYR510M ($125M) contract for the Trans Anatolian Natural Gas Pipeline (TANAP) offshore Dardanelles Strait in the Sea of Marmara.The company, a subsidiary of Malaysia's SapuraKencana Petroleum, will be responsible for the engineering, procurement, construction and installation (EPCI) of offshore pipelines and fibre optic cables for TANAP. SapuraKencana’s president and group CEO Shahril Shamsuddin said: “This contract win demonstrates that our transformation and strategies are continuing to enhance our competitiveness globally.“Our cost reduction efforts and increased operational effectiveness have driven this enhanced competitiveness that has helped us to secure our latest wins in Mexico and TANAP, both totalling just under RM1bn. These wins will contribute positively to the group’s performance.”The project is set to start in the third quarter of 2016 and will be completed in the third quarter of 2018.TANAP is a natural gas pipeline project that connects the continents of Europe and Asia, to supply natural gas from the Southern Gas Corridor project in Azerbaijan through Georgia and Turkey to Europe.
Construction begins on Trans Adriatic Pipeline (TAP) to supply natural gas from the Caspian Sea to Europe.TAP, part of the $45bn Southern Gas Corridor project, will transport natural gas from the giant Shah Deniz II field in Azerbaijan to Europe.The 878km pipeline will connect with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border at Kipoi, crossing Greece and Albania and the Adriatic Sea and coming ashore in Southern Italy.TANAP, which includes the European leg of the Southern Gas Corridor, is a gateway project that will deliver 10bn cubic metres annually of new Caspian gas supplies to Europe from 2020.TAP’s managing director Ian Bradshaw said: “Today’s event marks a major milestone for the Trans Adriatic Pipeline, our shareholders and for the energy landscape of Europe.“After winning the bid in 2013 and working diligently to prepare for this moment, we are delighted to have started constructing the pipeline — a strategic project for Europe transporting new sources of Caspian gas via a new route commencing in 2020 and for years to come.”
Saipem and consortium partners Bos Shelf and Star Gulf have secured the $1.3bn contract for Stage 2 of the Shah Deniz natural gas project in Azerbaijan. The Shah Deniz field is located 90km offshore Azerbaijan, in water depths from 75-550m.The five-year scope of work will include the transport and installation of subsea production systems and subsea structures, and the installation of fibre optic cables and production umbilicals.It will also involve the installation of 90km of pipelines, the activation, crewing and operations management of the new-build subsea construction vessel (SCV) Khankendi.Saipem’s CEO Stefano Cao said: “We are delighted to have secured this major award, which enables us to continue and consolidate our 20-year relationship with BP and Socar in Azerbaijan and to put our world-class people and technologies at their disposal for the timely and efficient delivery of Shah Deniz Stage 2. “This award also further strengthens Saipem’s key role in the construction of the Southern Gas Corridor where the company has a total of four contracts, in the upstream segment and in gas transportation infrastructure both onshore and offshore.”
Maire Tecnimont’s subsidiaries Tecnimont and KT-Kinetics Technology have won an EPC contract worth $180m from Socar Polymer for a new polyethylene plant in Azerbaijan.