TAP’s shareholders have passed the resolution on the development and construction of the project at the end of 2013. A few facts and figures on what the TAP project has entailed so far:
- Traveling through Greece (550 km), Albania (215 km), under the Adriatic Sea (105 km) and coming ashore in Italy (8 km).
- Laying approximately 55,000 pieces of pipe, weighing a total of 520,000 tonnes; from an altitude of 2,100m in the Albanian mountains to a depth of 810m in the Adriatic Sea.
- Working over 50 million man-hours and driving around 140 million kilometres, without any major incident – a world-class safety record.
- Securing €3.9 billion for project financing and complying with the lenders' robust social and environmental requirements.
- Continuously engaging with the communities along the pipeline route, TAP established trustful relationships and implemented a wide range of social and environmental investments, improving livelihoods.
- Building a strong company culture based on the values of excellence, people, integrity and responsibility, and summarised in the motto "how we achieve our results is just as important as the results themselves."
TAP will facilitate gas supplies to South Eastern European countries. TAP’s exits in Greece and Albania together with the landfall in Italy provide multiple opportunities for further transport of Azerbaijan gas 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 decarbonisation objectives.
TAP’s shareholding is comprised of bp (20%), SOCAR (20%), Snam (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).
