(MENAFN- Trend News Agency) BAKU, Azerbaijan, Nov.29. Greece got onto the
energy map thanks to the Trans Adriatic Pipeline (TAP), the
country's Environment and Energy Minister Kostas Skrekas said,
addressing the voria.gr conference in Thessaloniki on the energy
crisis Nov.28, trend reports.
The minister noted that Greece is rapidly emerging as the key
gateway for natural gas in Southeastern Europe, with projects such
as the TAP pipeline, the LNG terminal in Revythoussa and the FSRUs
in Alexandroupolis.
“Five or six years ago, we weren't even on the energy map. We
got onto this map when we succeeded, in 2012-2014, in getting the
TAP pipeline to pass through our country instead of Bulgaria. Our
position was then made stronger through the capability for the
liquified natural gas terminal in Alexandroupolis and soon in
Corinth, where the project is close to an investment decision. All
these efforts will bring a lower energy price, and one that is
predictable,” Skrekas said.
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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