BAKU, Azerbaijan, May 31. The binding capacity requests, received during the Market Tests must pass an Economic Viability Test (EVT) before an investment decision is made, Luca Schieppati, TAP managing director, said in an exclusive interview with Trend ahead of the Baku Energy Week to be held from June 4 through June 6.
He noted that the larger the cumulative requests for incremental capacity, the more cost effective an expansion project can be expected to be, thereby increasing the likelihood for passing the economic viability test.
“Following a positive EVT result and the ensuing allocation of capacity, TAP will evaluate various financing options for the expansion works, including third party financing via IFIs and/or private banks,” added Schieppati.
The Trans Adriatic Pipeline operates a natural gas transportation infrastructure from the Greek border with Türkiye to Southern Italy, enabling interested parties to market gas to several European countries.
TAP provides a direct and cost-effective transportation route as part of the Southern Gas Corridor, a 3,500 kilometre gas value chain stretching from the Caspian Sea to Europe.
Working to national and international safety and operational standards, TAP acts as a Transmission System Operator (TSO) and Independent Transmission Operator (ITO), providing capacity to shippers interested in transporting gas in a safe, reliable and efficient manner.
The pipeline starts near the Evros area of Kipoi at the Greek-Turkish border, where it is connected to the Trans Anatolian Pipeline (TANAP). It traverses northern Greece westwards to Ieropigi, Kastoria at the Greek-Albanian border. Crossing Albania and the Adriatic Sea, the pipeline comes ashore in Southern Italy to connect to the Italian gas network.
TAP’s routing facilitates gas supply to several South East European countries and its landfall in Italy provides multiple opportunities for further transportation of Caspian gas to the wider European markets.
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