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TAP reveals plans for gas supply boost this year

Oil&Gas Materials 26 July 2022 10:22 (UTC +04:00)
TAP reveals plans for gas supply boost this year
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, July 26. An increase in the capacity of the Trans Adriatic Pipeline (TAP) is being planned to help reduce dependence on Russian gas in Southeastern Europe, the company managing the pipeline stated, Trend reports citing Greek media.

TAP AG consortium said the initial target was to increase gas deliveries to 12 billion cubic meters a year from 2022, up from roughly 8 bcm in 2021, and to possibly raise its capacity to 20 bcm a year, with the final decision to depend on a market test to be conducted in 2023.

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.

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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