BAKU, Azerbaijan, March 30. The Trans Adriatic Pipeline (TAP) consortium is now analyzing the market feedback and will proceed to define the timing of the next steps towards a binding phase, TAP AG consortium told Trend.
“The 2021 TAP Market test is currently in progress. TAP, together with SRG and DESFA, held a public consultation on the draft project proposal for the 2021 Market Test between January 18 and March 18, 2022. For confidentiality reasons and regulatory constraints, we cannot disclose information about the ongoing market test,” said the consortium.
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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