Baku, Azerbaijan, July 3
By Aygun Badalova - Trend:
The Trans Adriatic Pipeline AG (TAP) started construction and rehabilitation work on access roads and bridges along the pipeline's route in Albania, TAP reported on July 3.
The occasion was marked by an inauguration ceremony near the town of Çorovoda, attended by the Prime Minister of Albania, Edi Rama, Minister of Energy and Industry Damian Gjiknuri, and TAP Managing Director Ian Bradshaw.
Prime Minister Rama and Minister Gjiknuri emphasised the importance of the project to Albania. As one of the largest foreign investments in the country, TAP will have a positive impact on the country's energy sector and will help encourage other foreign investments, they said.
TAP will transport natural gas from the giant Shah Deniz II field in Azerbaijan to Europe. The approximately 870 km long pipeline will connect with the Trans Anatolian 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 routing can facilitate gas supply to several South Eastern European countries, including Bulgaria, Albania, Bosnia and Herzegovina, Montenegro, Croatia and others. TAP's landfall in Italy provides multiple opportunities for further transport of Caspian natural gas to some of the largest European markets such as Germany, France, the UK, Switzerland and Austria.
TAP's shareholding is comprised of BP (20 percent), SOCAR (20 percent), Statoil (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).
TAP's initial capacity will be 10 billion cubic meters per year, expandable to 20 billion cubic meters per year. First gas within the Shah Deniz II project will be delivered to Europe via TAP in early 2020.