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TAP played crucial role in Italy’s record gas consumption in 2021

Oil&Gas Materials 6 January 2022 10:49 (UTC +04:00)
TAP played crucial role in Italy’s record gas consumption in 2021

BAKU, Azerbaijan, Jan.6

By Leman Zeynalova – Trend:

The Trans Adriatic Pipeline (TAP) played a crucial role in Italy’s record gas consumption as of 2021, Trend reports with reference to Italian media.

The calculations based on Snam Rete Gas data show that Italy consumed over 76.2 billion cubic meters of gas in 2021, or 5.5 billion more than in 2020.

Reportedly, the Italian gas pipelines transported 7.8 percent more natural gas in 2021 as compared to 2020 and 7.2 percent more than the average of the last ten years.

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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Follow the author on Twitter: @Lyaman_Zeyn

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