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Albania, TAP revise pipeline deal

Oil&Gas Materials 21 December 2016 15:55
Albania's Energy Ministry and the Trans Adriatic Pipeline have amended their agreement to give more financial support and assistance to Albania, said the statement posted on the website of Albanian Ministry of Energy and Industry.
Albania, TAP revise pipeline deal

Baku, Azerbaijan, Dec.21

By Leman Zeynalova - Trend:

Albania's Energy Ministry and the Trans Adriatic Pipeline have amended their agreement to give more financial support and assistance to Albania, said the statement posted on the website of Albanian Ministry of Energy and Industry.

The parties announced that after seven months of negotiations, they agreed on reviewing payments paid, on increasing investments in communities and on training the local gas sector.

TAP is a part of the Southern Gas Corridor which is one of the priority energy projects for the EU.

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 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.

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