BAKU, Azerbaijan, July 9. Regarding pipeline imports into Europe from non-Russian sources, the flows from Norway, North Africa (Algeria and Libya combined), and Azerbaijan have been relatively consistent during the winter of 2021/2022 and into Q2 2022, Trend reports with reference to Oxford Institute of Energy Studies (OIES).
“The flows from Azerbaijan along the Trans-Adriatic Pipeline (TAP) have been close to full capacity (around 32 mmcm/d, or 10 bcma). There is, therefore, little scope for any increase in supply for the rest of 2022 or in 2023. Looking further into the future, plans to expand TAP to 20 bcma would require both additional investment and commitments both from the Azerbaijani side that gas production would be available, and from the European side regarding offtake under long-term contracts. According to S&P Global, this remains unlikely before 2025 at the earliest,” reads the latest report released by OIES.
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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