Baku, Azerbaijan, Aug. 21
By Leman Zeynalova – Trend:
The tariff for gas transportation via the Trans Adriatic Pipeline (TAP) will be an amount in EUR/kWh/Gas Day/Gas Year which will be used to calculate the charges for bookings of Reserved Capacity, Trend reports citing the data published in the context of TAP’s market test.
Tariff means the tariff for a particular Capacity Product and Entry Point or Exit Point, as published by the Transporter and determined in accordance with this TAP Tariff Code.
The amount of the tariff will be dependent on the Capacity Product booked and the Entry Point or Exit Point at which the Reserved Capacity is booked, according to the data.
The initial Tariffs will be determined in accordance with a computer model (the “Tariff Calculation Model”) developed by the Transporter which based on a discounted cash flow methodology calculates the Target Revenue.
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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