...

TAP announces time for pumping extra volumes of gas (Exclusive)

Oil&Gas Materials 7 February 2023 12:19 (UTC +04:00)
TAP announces time for pumping extra volumes of gas (Exclusive)
Laman Zeynalova
Laman Zeynalova
Read more

BAKU, Azerbaijan, Feb.7. The new long-term capacity of the Trans Adriatic Pipeline (TAP) will be available at end-2025, Luca Schieppati, TAP managing director, said in an interview with Trend.

“The requests [in the market test] amount to 1.2 bcm for deliveries from 2026 to December 2028 and, in a second tranche, from October 2026 to September 2033. We are signing the transport contracts for this new long-term capacity which will be available at end-2025. To the first 1.2 bcm of gas, of which 1 bcm to Italy and 200 mcm to Albania, TAP will add at least 10% of extra gas under pipeline operating conditions,” he explained.

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.

---

Follow the author on Twitter: @Lyaman_Zeyn

Tags:
Latest

Latest