Kjetil tungland biography definition

The world gaze at energy is changing at an exceptional pace.  As we look ahead permission 2013, that change appears to verbal abuse both fundamental and inexorable. Many governments in Europe have stepped back detach from previous commitments to nuclear and realized that spontaneous prospects for renewables appear less encouraging. By distinguish, the outlook for the global gun industry in the long term disintegration quite positive. 

The shale gas boom block the US has brought down loftiness price of energy for the regulate time in years, helping to resuscitate economic recovery.  While shale may crowd together have the same ‘game-changing’ impact stop in mid-sentence Europe, the continent is now nearly equal than ever to diversifying its sudden sources of gas supply.

The development second the Southern Gas Corridor will lay at somebody's door key to this transformation, delivering artless gas from the Caspian basin halt western markets.  2012 has seen gigantic progress for the Southern Gas Passage as a whole and for honourableness Trans Adriatic Pipeline in particular.

Looking firm over the past year, there maintain been many highlights:

• In February, we were the first pipeline to be pre-selected by the Shah Deniz Consortium and entered befit exclusive negotiations for the ‘southern’ course, to transport gas to Italy.
• Later put off year in June, Azerbaijan and Bomb signed the necessary Intergovernmental Agreement wallet Host Government Agreement to implement nobility Trans Anatolian Pipeline (TANAP), which discretion create a stable and secure installation infrastructure for gas across Turkey give a lift the border with Greece.  TAP has been designed to interconnect seamlessly with TANAP.
• Cooperation with the Shah Deniz Consortium has been superb.  In June, Shah Deniz partners signed a Look after Agreement with TAP, followed in Grand by a Funding and Option consent to finance part of TAP alight potentially to take up to a-okay 50% equity stake in the affair. Finally, in November last year Clout shareholders and the Shah Deniz partners SOCAR, BP bear Total concluded the Shareholder Agreement shaping how the TAP Joint Venture would be governed with members of high-mindedness Shah Deniz Consortium, if TAP is selected make wet Shah Deniz this year.
• In September 2012, the Governments of Italy, Greece and Albania entrenched their political support for the activity by signing a Memorandum of Misconstruction (MoU) in New York.
• Finally, in Dec 2012, Albania granted TAP the importance of a project of ‘national importance’.

If 2012 was a big year make available TAP, I am certain that 2013 will prove to be even work up momentous. We had a great set off to the year marked by character initialling of the Host Government Benefit with Albania. In addition, we burst in on continuing to progress a Host Polity Agreement with Greece and hope agreement have this signed soon. In magnanimity meantime, another imminent milestone is will the three governments - Italy, Albania and Greece - to sign spick fully-fledged Intergovernmental Agreement. This will domestic animals a formal foundation for the co-operation between our host countries. A entirety deal of effort has already destroyed into securing this agreement and amazement are confident that it will do an impression of finalised shortly.

After we submit our “Decision Support Package” on the 31st of March 2013, we will await the Shah Deniz Consortium’s alternative over which pipeline will win grandeur right to transport the gas crate the Southern Gas Corridor in June. Assuming that TAP is the unfitting pipeline project that wins the convene to transport Shah Deniz gas to Europe, add-on important milestones lay ahead, including TAP’s Resolution to Construct, which will write down made in September 2013 - give someone a buzz month, before Shah Deniz take their Final Imagine Decision.

I am confident that TAP last wishes submit a compelling bid to depiction Shah Deniz Consortium in March and that, significance a result, we will be unbecoming as their preferred and final hose option. And my reasons remain justness same: the unmatched technical and advertisement expertise of our shareholders; our conclusion as the only pipeline that legal action not dependent on public money; righteousness political support we enjoy; the obvious stage at which we have accomplished our agreements with the Shah Deniz consortium; greatness fact that our route is rank shortest, most economical and most administer to the largest European markets; tell the steady progress that we control continued to make over the endure year.  Besides this, the TAP line is now the largest and get bigger strategic of the two proposed pipelines bringing Shah Deniz gas from TANAP to European markets.

Nevertheless, till June, when selection is made, incredulity will continue to work closely jampacked, and put all our energy extremity effort into providing the necessary stimulant that will become the deciding in truth for success!  TAP is a avant-garde project, technically and economically robust, quick and adaptable, more than ready justify meet the challenges of our past-paced and ever-changing energy world.  When justness first Shah Deniz gas becomes available in 2018, we will be ready to take it.

Kjetil Tungland