(MENAFN- Trend News Agency) BAKU, Azerbaijan, Feb.4. The Trans Adriatic
Pipeline (TAP) has delivered more than 20 billion cubic meters of
gas to three countries since commissioning, Luca Schieppati, TAP
Managing Director said, trend reports.
He was addressing the 9th Ministerial Meeting of the Southern
Gas Corridor Advisory Council held Feb.3 in Baku.
“Last October we established TAP's connection to the
Interconnector Greece-Bulgaria (IGB) and recently we crossed the 20
bcm mark of gas transport to Italy, Greece and Bulgaria in the two
years of our operations. We are happy to be now triggering the
first level of capacity expansion, while we remain fully committed
to work on doubling the capacity to 20 bcm by 2027,” noted
Schieppati.
The managing director noted that TAP consortium is focused on
making sure the energy transition, particularly in Southeast
Europe, happens in a sustainable manner, supporting
decarbonization.
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
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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