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Wednesday, 25 October 2017 19:30

TAP creates new opportunities in western markets Featured

TAP creates new opportunities in western markets

The installation of 75% of pipes along the TAP’s section in Greece and Albania has been completed. 578 km out of 765 km of pipes have already been laid, Caspian Energy News (www.caspianenergy.net) reports with reference to TAP.

TAP will transport natural gas from the giant Shah Deniz II field in Azerbaijan to Europe. The 878km long pipeline will connect with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border at Kipoi, cross Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy.

TAP’s routing can facilitate gas supply to several South Eastern European countries, including Bulgaria, Albania, Bosnia and Herzegovina, Montenegro, Croatia and others. TAP’s landfall in Italy provides multiple opportunities for further transport of Caspian natural gas to some of the largest European markets such as Germany, France, the UK, Switzerland and Austria.

TAP will promote the economic development and job creation along the pipeline route; it will be a major source of foreign direct investment and it is not dependent on grants or subsidies. With first gas sales to Georgia and Turkey targeted for late 2018, first deliveries to Europe will follow in 2020.

TAP shareholders: BP (20%), SOCAT (20%), Snam S.p.A. (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).

More details: https://twitter.com/i/web/status/922799373607755777

Person in charge of the newsline: Fidan Isayeva 

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