TAP shareholders not interested in selling their stakes

TAP shareholders not interested in selling their stakes

Baku, Azerbaijan, Oct. 29

By Maksim Tsurkov - Trend:

Snam S.p.A., an Italian natural gas infrastructure company, is still interested in taking part in the Trans Adriatic Pipeline (TAP), but none of the TAP shareholders has announced an intention to sell a stake, according to the company's CEO, Carlo Malacarne.

Italian media quoted Malacarne as saying Oct. 29 that Snam hasn't lost interest in the TAP.

"We are still looking forward to take part in this project, but as of now none of the shareholders is interested in selling their stakes," he further said.

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).

Edited by CN

---

Follow the author on Twitter: @MaksimTsurkov

International Forum on Attracting Investment in Oil, Gas Industry of Turkmenistan select sponsor
International Forum on Attracting Investment in Oil, Gas Industry of Turkmenistan select sponsor
JOCAP details plans for platform around Oil Rocks
JOCAP details plans for platform around Oil Rocks
JOCAP updates on progress in operations of PLBH for Absheron project
JOCAP updates on progress in operations of PLBH for Absheron project
Loading Bars
Latest
Kazakhstan decreases production of raw sulfur over 1Q2021
Uzbekistan eyes exporting fresh and dried fruit, vegetable products to Latvia
Georgia increases imports of cars from Turkey
International Forum on Attracting Investment in Oil, Gas Industry of Turkmenistan select sponsor
JOCAP details plans for platform around Oil Rocks
Russia records another 8,840 coronavirus cases
JOCAP updates on progress in operations of PLBH for Absheron project
Turkey reduces exports of grain, legumes to Turkmenistan
Azerbaijan's State Committee on Property Issues to hold auction for state properties
Kazakh gas producing company opens tender for hydraulic fracturing services
YARAT Contemporary Art Space presents major project - 1st edition of Baku Street Photography Festival
Georgia reports 1,271 new cases of coronavirus for April 23
Purchasing power of Azerbaijani Nakhchivan's population improves for 1Q2021
Options for diversifying sources for Southern Gas Corridor
Uzbekistan reveals share of agricultural, forestry, fish output for 1Q2021
Georgian Railway increases cargo transportation
Armenia's PM interested in continuing co-op with Soros Foundation - expert
Indian Army to convert Base hospital into 1000-bed Covid facility
Young Turks: Startups that created solutions to aid in fight against COVID pandemic
US lawmakers expresses concern over COVID-19 situation in India, appeal for help
Bulgaria's import of Turkish cars increase in 1Q2021
S&P's assigns credit rating for bonds issued by Uzbekistan's UzAuto Motors JSC
Oil climbs on hopes for demand recovery, India's virus surge caps gains
Prices of precious metals in Azerbaijan down
Pfizer to offer vaccine to Iranian govt at ‘not-for-profit’ rate
India gifts 39 ambulances, 6 school buses to Nepal
Organic farming revolution in India
East Asian fund buys Investing.com for $500m
Tesla CEO Musk puts $100 mln jolt into quest for carbon removal
Uniper’s power plants reduce gas consumption
Daimler raises outlook, says chip shortage may impact Q2 sales
Azerbaijan's Nakhchivan expanding use of renewable energy sources
A-level Education Center talks co-op with EU Business School (PHOTO)
Kazakhstan sees decreases in trade with Croatia y-o-y
Kazakhstan’s Kazatomprom signs agreement to sell share in Ortalyk subsidiary
Uzbek agro-industrial agency opens tender for hangar construction
Restoration of houses damaged by Armenian shelling starts in Azerbaijan's Ganja (PHOTO)
Uniper to invest €2.7B for its carbon-neutral goals
Turkey, Azerbaijan to join efforts to develop seaports
Uzbekistan reveals COVID-19 data for April 23
Kazakh gas transporting company opens tender for equipment repair
Carpets have been at heart of Azerbaijani art and culture - Euronews
Azerbaijan sees decrease in oil prices
Russia organizes another charter flight from Turkmenistan
Hungary to widen services activity as vaccination rate nears 40%
Azerbaijani state structures gradually transition information systems to G-Cloud - ministry
Azercell’s high-speed mobile internet continues to cover on and under the ground
High provision of reserves positively affects Azerbaijan's sovereign rating - Gazprombank
Azerbaijan establishes Commercialization & Technology Transfer Center
Azerbaijan's MoD shows footage from Zangilan's Najaflar village (VIDEO)
Azerbaijan maintaining stable credit position despite pandemic - Renaissance Capital
Azerbaijani currency rates for Apr. 23
Georgia, Bulgaria aiming for improvement of maritime shipping
Growing share of renewables to cause electricity price volatility
Azerbaijan enters era of fourth industrial revolution based on artificial intelligence - Ministry
India's posts world record daily COVID cases for second straight day
Situation in Azerbaijan’s Ganja city following Armenia's attack – war crime, French lawyer says
Georgia shares data on revenues from excise taxes in 1Q2021
EBRD aims to finance main economic spheres in Georgia
13 patients killed in hospital fire in western India
Azerbaijan applies world experience in construction of digital cities
Russia and Azerbaijan interested in Georgian mussels and oysters
Lending to legal entities, individuals in Azerbaijan's Nakhchivan drops
Georgia reveals volume of taxes, paid by its citizens
Azerbaijan discloses data on 1Q2021 oil export to Israel
EU leaders seek to lead climate action in carbon trading
NASA's Ingenuity helicopter logs another successful flight on Mars
More than 874,000 COVID-19 infections detected worldwide over past 24 hours
Iran cuts number of centrifuges enriching uranium to 60% purity, IAEA report says
3 rockets land near Baghdad airport in Iraq
Israel reports 189 new COVID-19 cases, 837,668 in total
Eight missing in Shanghai factory fire
Georgian FM meets Turkish counterpart in Bucharest
UN Environment, WHO support Georgia in deciding on regulation on lead paint
Uzbekistan’s business activity index sharply increases
55 new cases of "double mutation" variant found in UK in latest week
Azerbaijani athlete reaches final of European Artistic Gymnastics Championships
Azerbaijan's banking sector wraps up 1Q2021 with profit
Internet data transmission speed slightly down in Azerbaijan
National Bank of Georgia sells funds at foreign exchange auction
Georgia sees increase in vegetables export
State Customs Committee discloses export of natural gas from Azerbaijan to Georgia
Turkmen Ministry of Agriculture extends tender for purchase of necessary goods
Flydubai to resume flights at Georgian Batumi International Airport
Polymetal International boosts gold output in Kazakhstan, Russia
Brazil reports 3,472 more deaths
Kazakh gas supply company opens tender for construction of operational base
Georgia unveils data on exports of fruits and nuts in 1Q2021
Azerbaijan plans to increase production of fish and fish products
Turkey’s export of furniture and timber to Turkmenistan down
Kyrgyzstan ranks second in world in terms of cheapest mobile internet
Iran's annual exports of dried fruit, nuts grows %42
Georgia opens 69-th online session of UN Economic Commission for Europe
World community must know about Armenian atrocities in Azerbaijan – French lawyer
PM Modi announces India-US partnership on climate, clean energy
Azerbaijan Airlines to start operating special flights to London
Building of Azerbaijan’s Mud Volcanoes Tourism Complex to look like crater from above
Strengthening confidence-building measures in Azerbaijan-Armenia relations most important - Russian MFA
Georgia publishes budget performance report of 1Q2021
French lawyers arrive in Azerbaijan’s Ganja city, shelled by Armenia during war (PHOTO)
All news