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TAP discloses gas supply data for first 4 months of 2024

Oil&Gas Materials 30 May 2024 07:35 (UTC +04:00)
TAP discloses gas supply data for first 4 months of 2024
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, May 30. The Trans Adriatic Pipeline has supplied 4 billion cubic meters of gas in the first four months of 2024, the TAP AG consortium told Trend.

"During the first four months of the year, we have transported 4 billion cubic meters (bcm)," the consortium said.

Reportedly, TAP has transported 35 bcm since the start of its operations.

Azerbaijani Energy Minister Parviz Shahbazov earlier said that the country’s gas exports in 2024 will exceed 24 billion cubic meters, up from 23.8 billion cubic meters in 2023.

"Europe will receive half of the gas volume, signifying an expanding geography for Azerbaijani gas supplies. More than 48 billion cubic meters of gas production is anticipated this year, with exports constituting half of this volume," the minister noted.

TAP transports natural gas from the giant Shah Deniz field in the Azerbaijani sector of the Caspian Sea to Europe. The 878 km long pipeline connects with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border in Kipoi, crosses Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy.

TAP facilitates gas supplies to South Eastern European countries through existing and prospective interconnectors. TAP is connected to Interconnector Greece Bulgaria (IGB) which started its commercial operations in October 2022, providing Caspian gas to Bulgaria, enhancing security of energy supplies in one more European country. TAP’s exits in Greece and Albania, together with the landfall in Italy provide multiple opportunities for further transport of gas from Azerbaijan to the wider European markets.

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 its decarbonization objectives.

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