Baku, Azerbaijan, Nov.4
By Leman Zeynalova – Trend:
Investments in the project for construction of Trans Adriatic Pipeline (TAP), meant to deliver Azerbaijani gas to Europe, will ensure Albania’s economic growth, according to the European Bank for Reconstruction and Development.
“We expect growth to remain mainly investment-driven as TAP construction enters its full extent in 2016-2017 with a total investment of about 1.5 percent of GDP per year in each of these two years,” EBRD said in its Regional Economic Prospects report.
TAP project envisages transportation of gas from the Stage 2 of development of Azerbaijan's Shah Deniz gas and condensate field to the EU countries.
The 870-kilometer pipeline will be connected to the Trans Anatolian Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy's south.
TAP’s route through Albania will be approximately 215 kilometers onshore and 37 km offshore in the Albanian section of the Adriatic Sea.
It starts at Bilisht Qender in the Korca region at the Albanian border with Greece, and arrives at the Adriatic coast 17 km north-west of Fier, 400 meters inland from the shoreline.
The construction of TAP has started in Albania on Sept.30.