Tuesday, 02 January 2024 12:17 GMT

TAP Making Available Additional Long-Term Capacity From January 2026 (Exclusive)


(MENAFN- Trend News Agency) BAKU, Azerbaijan, January 7. The Trans Adriatic Pipeline(TAP) is making available the additional long-term capacity under a new gas transportation agreement (GTA) from January 2026, TAP AG consortium told Trend.

"TAP, as the European section of a 3500 km Southern Gas Corridor, widely recognized as a strategic energy infrastructure for Europe, is making available the additional long-term capacity under a new gas transportation agreement (GTA) from January 2026, as booked during the 2021 Market Test," said the consortium.

TAP AG noted that the additional capacity comes five years after TAP started transporting Caspian gas to Europe, underlining the asset's state-of-the-art reliability and its substantial contribution to Europe's diversification of supplies.

Five years have passed since Azerbaijan began exporting gas to Europe via TAP. During this period, more than 54 bcm of gas has been supplied to Europe via TAP.

As a critical component of the Southern Gas Corridor, TAP transports natural gas from Azerbaijan's Shah Deniz field in the Caspian Sea directly to European markets.

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Trend News Agency

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