TAP ahead of schedule on grading in Greece, Albania
Baku, Azerbaijan, Jan.4
By Leman Zeynalova – Trend:
The consortium for construction of the Trans Adriatic Pipeline (TAP) is ahead of the schedule on clearing the pipeline’s route in Greece and Albania, said a message from TAP AG consortium.
“We’re hitting the ground running in 2018 – ahead of schedule on clearing and grading in Greece and Albania with 683 kilometers of land prepared for TAP pipeline,” said the message.
TAP worth 4.5 billion euros is a part of the Southern Gas Corridor, which is one of the priority energy projects for the European Union. The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries.
The pipeline will connect to the Trans Anatolian Natural Gas Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy’s south.
TAP will be 878 kilometers in length (Greece 550 kilometers, Albania 215 kilometers, Adriatic Sea 105 kilometers, and Italy 8 kilometers).
TAP’s shareholding is comprised of BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).
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