Baku, Azerbaijan, May 29
By Ali Mustafayev - Trend:
The Trans-Adriatic Pipeline (TAP) project is of exceptional importance for the energy security of Europe, US Deputy Assistant Secretary of State in the Bureau of Energy Resources Sandra Oudkirk told reporters in Baku on May 29.
She said this project should be supported by all its participants and even by countries that are only indirectly connected with the project, given its importance, which cannot be overemphasized.
TAP project, worth 4.5 billion euros, is one of the priority energy projects for the European Union. The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries.
Connecting with the Trans Anatolian Pipeline (TANAP) at the Greek-Turkish border, TAP will cross Northern Greece, Albania and the Adriatic Sea before coming ashore in Southern Italy to connect to the Italian gas network.
Construction of TANAP will be completed in 2018 and TAP in 2020. Thus Azerbaijani gas will reach Europe.
Once built, TAP will offer a direct and cost-effective transportation route opening up the vital Southern Gas Corridor, a 3,500-kilometer long gas value chain stretching from the Caspian Sea to Europe.
TAP will be 878 kilometers in length (Greece 550 kilometers, Albania 215 kilometers, Adriatic Sea 105 kilometers, and Italy 8 kilometers).
TAP shareholders include 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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