BAKU, Azerbaijan, May 27. Since the start of commercial operations, the Trans Adriatic Pipeline (TAP) has transported over 10 billion cubic meters of gas to Italy, said Luca Schieppati, TAP Managing Director, Trend reports via the TAP AG consortium.
“We are proud to have completed the project in full compliance with the high environmental standards. It now provides Italy with an alternative source of energy. TAP will also be able to transport additional volumes of gas, including a mixture of hydrogen, renewable or low-carbon gases, supporting the ongoing energy transition,” he 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).
Follow the author on Twitter: @Lyaman_Zeyn