BAKU, Azerbaijan, November 16. The Trans Adriatic Pipeline (TAP) consortium has launched the binding phase of the market test for capacity increase, Trend reports November 16 with reference to Italian media.
Reportedly, the binding phase was launched on 14 November and the offers can be presented in January 2023.
The process is aimed at allocating long-term capacity to existing or newly constructed Interconnection Points (IPs) along TAP's route and will increase the amount of gas imported into Europe. The Interconnection Points involved are: Kipoi (TR-GR), Komotini (GR), Nea Mesimvria (GR), Kucove (AL), Relievi Roskovec (AL), Fier (AL) and Melendugno (IT).
The project envisages four possible levels of expansion at the Kipoi entry point (called minimum, limited, partial and maximum) depending on the binding proposals that will be received, up to a maximum of 27 MScm/day.
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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