Baku, Azerbaijan, June 18
By Leman Zeynalova - Trend:
The Trans Adriatic Pipeline (TAP) expects to launch its Market Test on 1 July 2019, aligning with the non-binding phase of the Capacity Allocation Mechanism Network Code (CAM NC) incremental capacity process, Luca Schieppati, TAP Managing Director, said in an exclusive interview with Trend.
Relevant information will be made available on TAP’s corporate website by the time of the launch, he added.
The managing director went on to add that thedrafting of the TAP Network Code (TNC) continues as planned.
“In line with the public consultation guidelines available on TAP’s corporate website and following the finalisation of the TNC public consultation, TAP sent the comments received to the National Regulatory Authorities in its host countries. TAP will publish the non-confidential responses and a summary of the Public Consultation Report on its corporate website soon,” said Schieppati.
TAP project, worth 4.5 billion euros, is one of the priority energy projects for the European Union (EU). The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries.
Connecting with the Trans Anatolian 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), Enagás (16 percent) and Axpo (5 percent).
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