Albania says TAP project important
Baku, Azerbaijan, Nov. 19
By Rufiz Hafizoglu - Trend:
Albania pays special attention to the construction project of the Trans Adriatic Pipeline (TAP), since it can enhance the country's role on Europe's energy market, Prime Minister of Albania Edi Rama said.
He made the remarks during his speech at the annual Atlantic Council Energy and Economic Summit, the Turkish TRT Haber TV channel reported Nov.19.
TAP is meant to transport gas from Shah Deniz 2, an Azerbaijani gas condensate field, to the EU.
The approximately 870-km long pipeline will connect with the Trans Anatolian Natural Gas 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 construction is expected to start in 2016. Its initial capacity will be 10 billion cubic meters per year, expandable to 20 billion cubic meters per year.
The first gas as part of the Shah Deniz 2 project will be transported to Europe via TAP in early 2020.
TAP's shareholding is comprised of BP (20 percent), SOCAR (20 percent), Statoil (20 percent), Fluxys (19 percent), Enagas (16 percent) and Axpo (5 percent).