BAKU, Azerbaijan, Jan. 8
By Leman Zeynalova - Trend:
As of end of October 2019, the consortium for construction of the Trans Adriatic Pipeline (TAP) invested 25.5 million euros in 240 projects, to support local communities, Trend reports citing the consortium.
“TAP implements post construction reinstatement program with farmers. TAP has provided over 38,000 tree saplings and over 600 tons of fertilizers in Greece and Albania. To date, over 45,000 trees have been planted in Greece and over 200,000 in Albania.”
“We protected cultural heritage finds across the route, highlighting our host countries’ rich history. More than 650 archeologists and professionals employed. More than 560 archeological excavations and investigations completed,” said the consortium.
Once operational, TAP will integrate and diversify Europe’s energy supply, contributing to energy security and a more sustainable energy mix.
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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