TAP's Commissioning On Time Was Very Crucial, Says Geoffrey Pyatt
Date
2/24/2023 1:20:00 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, Feb.24. Commissioning of the
Trans Adriatic Pipeline (TAP) on time was very crucial, Assistant
Secretary of State for energy Resources Geoffrey Pyatt told Greek
media, trend reports.
He believes that this enabled Europe to successfully pass the
winter test.
Pyatt went on to add that liquified natural gas supplies also
played an important role in Europe's energy diversification.
“US sent more than 70 bcm (billion cubic meters) of LNG to
Europe, double the volume of the previous year, and much of that
cargo passed through Greece. In fact, US LNG export potential is
estimated to be on track to increase by around 50 percent by 2025,
based on projects licensed and under development,” he said.
Azerbaijan's gas supplies to Europe began December 31, 2020 via
TAP, the European leg of the Southern Gas Corridor. Its initial
capacity is 10 billion cubic meters, expandable to 20 billion cubic
meters per year. In July 2022 Azerbaijan and the European
Commission reached an agreement to double the gas supplies to
Europe by 2027. Following the completion of the binding phase of
the market test, TAP triggered the first level of expansion.
Azerbaijan's gas exports to Europe stood at 11.4 billion cubic
meters as of 2022.
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