BAKU, Azerbaijan, March 25
By Leman Zeynalova – Trend:
Up to 60-70 million cubic meters of gas delivered to Italy via the Trans Adriatic Pipeline (TAP) went to Northern Europe, Trend quoted Luca Schieppati, TAP Managing Director as saying.
“These are small quantities, but they represent an important signal,” he told Italian media.
Schieppati went on to add that the gas cost differential between Italy and Northern Europe has given important signs of reduction.
Following the commencement of gas flows via TAP in December 2020, the Trans Adriatic Pipeline AG announces that a total of 1 billion cubic meters (bcm) of natural gas from Azerbaijan has now entered Europe via the Greek interconnection point of Kipoi, where TAP connects to the Trans Anatolian Pipeline (TANAP).
As the European section of the Southern Gas Corridor, TAP has the capacity to transport approximately 10 billion cubic meters of gas per annum (bcm/a) to several markets in Europe. The pipeline is also designed with the potential to expand its throughput capacity up to 20 bcm/a.
As a key part of the Southern Gas Corridor, TAP is strategically and economically important to Europe and essential in providing reliable access to a new source of natural gas. TAP plays a significant role in boosting Europe’s energy security, supply diversification, as well as decarbonisation objectives.
TAP’s shareholding is comprised of bp (20%), SOCAR (20%), Snam (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).
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