BAKU, Azerbaijan, March 17. To date, the Trans Adriatic Pipeline (TAP) has delivered a total of 10 billion cubic meters of Azerbaijani gas to Europe, Trend reports with reference to the country’s energy ministry.
“Currently, TAP delivers more than 28 million cubic meters of gas to Europe per day. As such, by increasing its contribution to ensuring Europe’s energy supplies, TAP also strengthens Azerbaijan’s integration into European gas market,” the ministry said.
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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