(MENAFN- Trend News Agency ) Baku, Azerbaijan, May 25
By Leman Zeynalova – Trend:
Around 59 percent of Trans Adriatic Pipeline (TAP) route in Greece and Albania is being reinstated, TAP AG consortium said in a message.
'Between Greece and Albania, more than 450 kilometers are being reinstated, or around 59 percent of our route (765 kilometers in total),' said the consortium.
TAP is a part of the Southern Gas Corridor, which is one of the priority energy projects for the European Union. The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries.
The pipeline will connect to the Trans Anatolian Natural Gas Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy's south.
TAP will be 878 kilometers in length (Greece 550 kilometers, Albania 215 kilometers, Adriatic Sea 105 kilometers, and Italy 8 kilometers).
TAP's shareholding is comprised of BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).
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