TAP welcomes Shah Deniz Consortium’s decision on pipeline route
Azerbaijan, Baku, June 28 / Trend A. Badalova/
Trans Adriatic Pipeline (TAP) welcomes the decision of the consortium of Azerbaijani Shah Deniz field development on the pipeline route and believes that this is the first important step in opening up the Southern Gas Corridor.
The Shah Deniz Consortium on Friday officially announced the selection of TAP as the route to transport its gas to Europe.
"This is the first and important step in opening up the Southern Gas Corridor and, as we look ahead, the Southern Gas Corridor will have a major role to play in Europe's energy security and ensuring the diversification of gas supplies to Western and South Eastern European markets," Managing Director at TAP Kjetil Tungland said in his official statement.
"I am deeply impressed with the results TAP has achieved and immensely proud of having been part of the team for the last three years," he stressed.
Tungland also said that over the next few months, TAP will continue to work hard with the Shah Deniz Consortium to ensure that they are able to take a successful final investment decision later this year.
According to TAP's report, the selection of TAP by the Shah Deniz Consortium confirms that TAP is the economically and technically most advanced pipeline project for the transportation of the Shah Deniz gas to Europe.
"The past and continuing support of the European Commission and the various national governments underpins the importance of TAP for the European energy agenda," the report said.
The TAP project is designed to transport gas from the Caspian region via Greece and Albania and across the Adriatic Sea to the south of Italy and further to Western Europe.
Gas which will be produced during the second stage of Shah Deniz field development is considered as the main source for the project.
The TAP route will be approximately 870 kilometers in length (Greece 550 km; Albania 210 km; offshore Adriatic Sea 15km; Italy 5 km).
TAP's initial pipeline capacity will be 10 billion cubic meters per year, but it will be easily expandable to 20 billion cubic meters per year. TAP's shareholders are AXPO of Switzerland (42.5 percent), Norway's Statoil (42.5 percent) and E.ON Ruhrgas of Germany (15 percent).
The construction of TAP is expected to start in 2015.