BAKU, Azerbaijan, June 29
By Leman Zeynalova – Trend:
The supply via the Trans Adriatic Pipeline (TAP), which envisages transportation of Azerbaijani gas to Europe, covers the period from the Commercial Operation Date (last quarter of 2020) for TAP until 30 September 2021, Trend reports referring to TAP AG data.
The commencement date for each Delivery Point may occur at different times and TAP shall confirm such date to the Seller upon its occurrence.
Aggregate quantities of gas tendered (for delivery across both the Snam Rete Gas Interconnection Point at Melendugno and/or the Virtual Trading Point) are 1,864,000 MWh maximum for the supply period and 6,400 MWh maximum per day.
These quantities reflect the maximum aggregate quantities for delivery for both the SRG Interconnection Point at Melendugno and the VTP. TAP will nominate quantities of gas between the different delivery points under the GSAs based on its operational and commercial requirements.
Quantities of gas tendered for the Redelivery Point at Melendugno are 3,410 MWh maximum for the supply period and 9 MWh maximum per day.
Bidders are required to bid for the delivery of the maximum quantity of Operational Gas as set out above to either of the following Delivery Points:
Physical delivery of gas at the Virtual Trading Point (VTP) in the TAP System.
Delivery of gas at the Snam Rete Gas interconnection point at Melendugno, Italy for the delivery of gas through virtual flow into the TAP System.
Bidders may submit separate Bids for each Delivery Point, but each Bid must be for the delivery of the maximum quantities outlined above to that Delivery Point.
In addition, Bidders are requested to include optionally as part of each Bid the delivery of Operational Gas at the following additional Delivery Point:
Physical delivery of gas at the Snam Rete Gas Redelivery Point at Melendugno (code 50172201) for the delivery of the fuel gas for TAP’s gas heaters.
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).
---
Follow the author on Twitter: @Lyaman_Zeyn