BAKU, Azerbaijan, Nov.14. The volume of gas transportation to Italy via the Trans Adriatic Pipeline (TAP) has increased by 58 percent in the first nine months of 2022, as compared to the same period in 2021, Trend reports November 15 with reference to TAP AG consortium.
“TAP's contribution to ensuring Italy's energy needs is growing,” said the consortium.
Reportedly, in September 2022 the gas injected from Azerbaijan into Italy’s network reached 923 million cubic meters, 37.3 percent more compared to September 2021.
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).
---
Follow the author on Twitter: @Lyaman_Zeyn