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TAP transports 1st 1 billion m3 of natural gas to Europe

The TAP pipeline is the last section of the Southern Gas Corridor, Europe's major project for diversification of gas supplies

TAP transports 1st 1 billion m3 of natural gas to Europe

Baku, March 22 - Neftegaz.RU. Following the commencement of gas flows via TAP in December 2020, the Trans Adriatic Pipeline AG announces that a total of 1 billion m3 (bcm) of natural gas from Azerbaijan has now entered Europe via the Greek interconnection point of Kipoi, where TAP connects to the Trans Anatolian Pipeline (TANAP), the local Azertac reported.

As the European section of the Southern Gas Corridor, TAP has the capacity to transport approximately 10 billion m3 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 Managing Director Luca Schieppati said:
  • With 1 bcm of gas now safely transported, our infrastructure continues to enable diversification across multiple markets
  • The gas volumes delivered by TAP play a key role in providing the EU with a new source of secure, reliable and affordable energy, while facilitating its energy transition roadmap
TAP Head of Commercial Marija Savova commented:
  • The delivery of the 1st 1 bcm enhances market competition and reinforces TAP’s role as a reliable TSO
  • TAP is particularly important in South Eastern Europe, where several markets could directly receive additional gas
  • Moreover, there are open invitations to participate in the July 2021 binding bidding phase of the market test for the potential expansion of TAP’s capacity
TAP is the European leg of the Southern Gas Corridor, a gateway project that will transport 10 billion m3 of new gas supplies from Azerbaijan to multiple markets in Europe.
The TAP system operates in line with internationally recognized quality, safety and environmental standards, and is designed with the potential to double its throughput capacity to 20 bcm/a.

TAP's shareholding is comprised of:
  • BP (20%)
  • SOCAR (20%)
  • Snam (20%)
  • Fluxys (19%)
  • Enagás (16%)
  • Axpo (5%)

Source : Neftegaz.RU


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