Azerbaijan, Baku, 2 July / Trend E. Ismailov /
Selection of the Trans-Adriatic Pipeline (TAP) project as a route to deliver Azerbaijani gas to Europe creates favourable conditions for the transport of gas to Switzerland, the head of SOCAR (State Oil Company of Azerbaijan) Rovnag Abdullayev said during a meeting with the chairman of the Upper House of the Federal Parliament of Switzerland Filippo Lombardini in Baku.
During the meeting, Lombardini praised the selection of TAP as a route to supply Azerbaijani gas to Europe and wished success for this project's implementation.
Last week, shareholders of the project for the development of Azerbaijani gas condensate field Shah Deniz, announced the selection of the project of Trans-Adriatic Pipeline (TAP) as a transport route for its gas to European markets.
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.
The gas produced within the second phase of development of Azerbaijani gas condensate field Shah Deniz is regarded as the main source for the project.
TAP's initial pipeline capacity will be 10 billion cubic metres per year, but is easily expandable to 20 billion cubic metres per year. TAP's shareholders are AXPO of Switzerland (42.5 per cent), Norway's Statoil (42.5 per cent) and E.ON Ruhrgas of Germany (15 per cent).
Construction of TAP is expected to start in 2015.