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Aggregate bookings in TAP as of July 2019

Oil&Gas Materials 30 July 2019 17:57 (UTC +04:00)

Baku, Azerbaijan, July 30

By Leman Zeynalova – Trend:

The aggregate bookings in the Trans Adriatic Pipeline (TAP) have been published in the context of TAP’s market test, Trend reports.

Forward Firm Long-term Capacity (Reserved Capacity in kWh/day)

IP

Initial Capacity

First Booking Phase

Total

Entry

Kipoi

316,318,605

14,701,261

331,019,866

Exit

Komotini

13,973,157

14,701,261

28,674,418

Exit

Nea Mesimvria

30,346,301

-

30,346,301

Exit

SRG tie-in

271,999,147

-

271,999,147

Commercial Reverse Capacity (Reserved Capacity in kWh/day)

IP

Initial Capacity

First Booking Phase

Total

Entry

SRG tie-in

-

3,795,771

3,795,771

Exit

Komotini

-

3,795,771

3,795,771

Entry

SRG tie-in

-

12,652,571

12,652,571

Exit

Nea Mesimvria

-

12,652,571

12,652,571

Lisa Givert, TAP Head of Communications, told Trend that the “aggregate bookings in TAP as of July 2019” table indicates the capacity already booked in TAP at the various entry and exit points of the pipeline.

“kWh/day is the standard way of quantifying natural gas capacity by the industry, given that some of the products are short term (days vs years). For reference, TAP could allocate up to 10bcm/year of capacity to the initial shippers. As you see from the table, this resulted in 316 318 605 kWh/day of entry capacity being allocated as initial capacity,” she explained.

Knowing that the pipeline could double its initial capacity, this provides an indication of how much capacity would be available for transport in the future (once the pipeline is expanded), added Givert.

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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Follow the author on Twitter: @Lyaman_Zeyn

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