BAKU, Azerbaijan, Nov.9
By Leman Zeynalova – Trend:
The Trans Adriatic Pipeline (TAP), the European leg of the Southern Gas Corridor, has transported around 6 billion cubic meters of natural gas to Europe since end of December 2020, TAP Head of Commercial Marija Savova said, Trend reports.
Addressing the Flame Conference in Amsterdam, Savova noted that TAP's significance is key in the current gas market context.
“Natural gas and existing gas infrastructure will continue to play a strategic role in the energy transition,” she added.
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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