Baku, Azerbaijan, July 11
By Maksim Tsurkov – Trend:
Japan’s JFE Steel Corporation concluded a contract to provide hot coils, plates and UOE pipes to the unincorporated consortium of Greek pipe manufacturer Corinth Pipeworks Pipe Industry SA (CPW) and Marubeni-Itochu Steel Inc. (MISI), which won a contract to supply steel materials to the Trans-Adriatic Pipeline (TAP) project in Europe, JFE Steel said on its website.
TAP project envisages transportation of gas from Azerbaijan's Shah Deniz gas and condensate field to the EU countries.
The 870-kilometer pipeline will be connected to the Trans Anatolian Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy's south. TAP shareholders are BP (20 percent), SOCAR (20 percent), Snam SpA (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).
The message also said the JFE Steel Corporation will serve as one of the TAP project’s major subcontractors.
“JFE Steel will manufacture the steel at its Fukuyama district and Keihin district facilities in Japan,” said the message. “The hot coils and plates will be shipped by the end of 2016 via MISI to CPW, which will process them into pipes.”
JFE Steel Corporation manufactures and sells steel products. JFE Steel was formerly known as Kawasaki Steel Corporation and changed its name to JFE Steel Corporation in April 2003. The company was founded in 1950 and is based in Tokyo, Japan.
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