BAKU, Azerbaijan, Jan.16. The Trans Adriatic Pipeline (TAP) ensured around 28 TWh gas imports in the EU in the third quarter of 2022, up from 23 TWh in Q3 2021 (+21 percent year-on-year), Trend reports via the European Commission.
“It represented around 3.4 percent of the EU total gas imports. TAP provides access to Azerbaijani gas resources via the Southern Gas Corridor, an important result of the EU security of gas supply policies. The EU wants to rely more on the Southern Gas Corridor too in the future, replacing gas imports from Russia,” reads the latest report published by the Commission.
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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