BAKU, Azerbaijan, April 26. The Trans Adriatic Pipeline (TAP) covered 20 percent of Greek gas demand in the first quarter of 2022, Trend reports via Spanish Enagas, one of TAP shareholders.
“During Q1 2022 TAP continues to make an essential contribution to the guarantee and security of supply in Italy and Greece. With a utilisation rate of 91 percent, TAP delivered 2.4 bcm of natural gas in Europe in the first three months of the year: 2.1 bcm have been delivered in Italy (~ 9 percent of demand) and 0.3 bcm in Greece (~ 20 percent of demand),” the company 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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