Bloomberg: Total Weighs Stake in Gas Pipeline to Europe From Caspian Sea

Total SA, Europe’s third-largest energy company, may join a pipeline to carry Caspian natural gas across Turkey as the European Union seeks to cut dependence on Russian fuel.

Total was invited to participate in the Trans-Anatolia pipeline project, or Tanap, planned by Turkey and Azerbaijan, as were BP Plc and Statoil ASA, its partners in Shah Deniz, the biggest Azeri gas deposit. It will take the Shah Deniz partners “several months” to decide on a route, said Christian Giudicelli, general manager of Total E&P Azerbaijan.

“We are evaluating the Tanap proposal very seriously,” Giudicelli said in an interview in the Azeri capital of Baku.  MORE