BAKU, Azerbaijan, May 18
By Leman Zeynalova – Trend:
After four and a half months since gas flow via the Trans Adriatic Pipeline (TAP) started, it transported more than 2 billion cubic meters of gas, Trend quoted Luca Schieppati, TAP Managing Director as saying.
He noted that TAP provided safe and reliable transmission services to its shippers.
“The possibility to expand TAP’s capacity in stages, in line with the relevant demand and supply, is a significant opportunity, especially for the countries in the South Eastern Europe region, which could enable them to reach their decarbonisation targets,” said Schieppati.
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 percent), SOCAR (20 percent), Snam (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).
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