BAKU, Azerbaijan, Dec.15
By Leman Zeynalova – Trend:
The volume of natural gas transportation via the Trans Adriatic Pipeline (TAP), the final leg of the Southern Gas Corridor, has reached 7 billion cubic meters, Trend reports with reference to TAP AG consortium.
The consortium said that TAP contributed to containing the increase in the cost of gas to strengthening safety and diversification of the gas supply.
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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