(MENAFN- Trend News Agency)
BAKU, Azerbaijan, Dec.6. The Trans Adriatic
Pipeline (TAP) is Italy's second largest source of gas supply,
according to October data from the Ministry of the Environment and
Energy Security, trend reports with reference to TAP AG consortium.
Gas transportation to Italy via TAP rose by 21 percent in
October 2022, as compared to the same period in 2021.
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.
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
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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