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TAP: new archaeological sites found in Greece

Oil&Gas Materials 9 July 2018 16:11 (UTC +04:00)

Baku, Azerbaijan, July 9

By Leman Zeynalova – Trend:

Archaeological remnants of human activity in Central Macedonia (Greece) from the Prehistoric to the Byzantine period have been brought to light in archaeological excavations, carried out in the context of construction works for the Trans Adriatic Pipeline (TAP) AG, said a message from the consortium.

The work has been undertaken by archaeologists, who are employed in the area by the TAP project and monitored by the local Ephorates of Antiquities (of Thessaloniki, Kilkis and Serres), as well as the Ministry of Culture and Sports, said the message.

TAP project, worth 4.5 billion euros, is one of the priority energy projects for the European Union (EU), and has already attracted 1.5 billion euros from the European Investment Bank (EIB), which approved the loan in early February 2018.

Connecting with the Trans-Anatolian Natural Gas Pipeline (TANAP) at the Greek-Turkish border, TAP will cross Northern Greece, Albania and the Adriatic Sea before coming ashore in Southern Italy to connect to the Italian natural gas network.

The project is currently in its construction phase, which started in 2016.

Once built, TAP will offer a direct and cost-effective transportation route opening up the vital Southern Gas Corridor, a 3,500-kilometer long gas value chain stretching from the Caspian Sea to Europe.

TAP shareholders include BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagas (16 percent) and Axpo (5 percent).

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Follow the author on Twitter: @Lyaman_Zeyn

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