Baku, Azerbaijan, May 17
By Elena Kosolapova - Trend:
Trans Adriatic Pipeline (TAP) will contribute to lasting peace and economic development in all the countries involved in the project, said Deputy Prime Minister of Albania Niko Peleshi at the TAP groundbreaking ceremony May 17 in the Greek city of Thessaloniki.
Peleshi expressed confidence that the TAP's construction will promote cooperation in the Balkan region.
TAP will become a contribution to diversification of energy supplies to the European market and will ensure deliveries of affordable gas to European consumers, he added.
TAP, which is the part of the Southern Gas Corridor project, envisages transportation of gas from the Stage 2 of development of Azerbaijan's Shah Deniz gas and condensate field to the EU countries.
The 870-kilometer TAP 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's shareholding is comprised of BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).
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