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
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