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Southern Gas Corridor increases liquidity in European gas markets

Oil&Gas Materials 13 April 2021 23:51 (UTC +04:00)
Southern Gas Corridor increases liquidity in European gas markets

BAKU, Azerbaijan, Apr.13

By Leman Zeynalova - Trend:

The Southern Gas Corridor increases liquidity in European gas markets, Eurogas told Trend.

“And importantly, its development brings increased potential for decarbonisation in countries which have a high dependence on solid fuels,” said Eurogas.

The Southern Gas Corridor, which is comprised of Shah Deniz 2, the South Caucasus Pipeline Expansion, the Trans Anatolian Natural Gas Pipeline (TANAP), and the Trans Adriatic Pipeline (TAP) became fully operational on December 31, 2020.
Trans Adriatic Pipeline (TAP) AG confirmed on Dec. 31 the commencement of gas flows from Azerbaijan. The first gas has reached Greece and Bulgaria, via the Nea Mesimvria interconnection point with DESFA, as well as Italy, via the Melendugno interconnection point with SNAM Rete Gas (SRG).

TAP transports natural gas from the giant Shah Deniz field in the Azerbaijan sector of the Caspian Sea to Europe. The 878 km long pipeline connects with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border in Kipoi, crosses Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy.
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Follow the author on Twitter: @Lyaman_Zeyn

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