Italian PM points to need to double TAP's capacity
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, March 1
By Leman Zeynalova – Trend:
Italy needs to think about increasing the regasification
capacity and a possible doubling of the capacity of the Trans
Adriatic Pipeline (TAP), said Italian Prime Minister Mario Draghi,
Trend reports.
“The diversification of energy supply sources is fundamental. it
is a goal to be pursued regardless of what will happen to Russian
gas supplies in the immediate future. We must first of all aim for
a decisive increase in the production of renewable energies. We
must continue to simplify procedures for onshore and offshore
projects - as we are already doing - and invest in the development
of biomethane. Gas remains a useful transition fuel. We need to
think about increasing the regasification capacity and a possible
doubling of the capacity of the Trans Adriatic Pipeline,” he told
Italian media.
As the European section of the Southern Gas Corridor, TAP has
the capacity to transport approximately 10 billion cubic meters 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.
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 percent), SOCAR (20
percent), Snam (20 percent), Fluxys (19 percent), Enagás (16
percent) and Axpo (5 percent).
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Follow the author on Twitter: @Lyaman_Zeyn
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