Baku, Azerbaijan, July 25
By Leman Zeynalova – Trend:
The consortium for construction of the Trans Adriatic Pipeline (TAP) invites stakeholders and interested parties to express their interest in participating to the non-binding phase of the Market Test, Trend reports citing TAP AG consortium.
All interested parties should submit the documentation required at the e-mail address [email protected] by 26 August 2019, 17:00 (CET) as indicated below:
- Registration and Non-Binding Demand Indication Form (and information therein requested) (link)
- Attested Affidavit (link)
- Confidentiality Agreement (link)
By 07 October 2019, 17:00 (CET)
- Declaration of No Objection from the Authorities (link)
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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