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CASPIAN OIL & GAS - TAP reveals project’s progress for end of January

TAP reveals project’s progress for end of January
14.02.2020

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BAKU, Azerbaijan, Feb.14

By Leman Zeynalova – Trend:

The Trans Adriatic Pipeline (TAP), the final leg of the Southern Gas Corridor, which envisages transportation of Azerbaijani gas to Europe, is now 92 percent complete, Trend reports with reference to the TAP AG consortium.

“TAP is currently moving further into the project construction phase. Every day hundreds of meters of TAP’s Right of Way (ROW) are cleared, strung, welded, lowered into the trenches and backfilled, in line with the project construction steps and schedule.

At the end of January 2020, the TAP project was 92 percent completed,” said the consortium.

TAP project, worth 4.5 billion euros, is one of the priority energy projects for the European Union (EU). The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries.

Connecting with the Trans Anatolian Pipeline (TANAP) at the Greek-Turkish border, TAP will cross Northern Greece, Albania and the Adriatic Sea before coming ashore in Southern Italy to connect to the Italian natural gas network.

The project is currently in its construction phase, which started in 2016.

Once built, TAP will offer a direct and cost-effective transportation route opening up the vital Southern Gas Corridor, a 3,500-kilometer long gas value chain stretching from the Caspian Sea to Europe.

TAP shareholders include BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).


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