Ian Bradshaw, Managing Director at TAP, said: “We would like to thank the Greek Government for the excellent cooperation, constructive support as well as commitment to the timely execution of the pipeline. The Installation Act is one of the most important permits for TAP in Greece which – along with the Installation Permit – will allow construction to start in line with the project schedule. TAP will continue to work closely with the Government, local communities and all those involved.”
About the Trans Adriatic Pipeline (TAP)
TAP will transport natural gas from the giant Shah Deniz II field in Azerbaijan to Europe. The approximately 878 km long pipeline will connect with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border at Kipoi, cross Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy.
TAP’s routing can facilitate gas supply to several South Eastern European countries, including Bulgaria, Albania, Bosnia and Herzegovina, Montenegro, Croatia and others. TAP’s landfall in Italy provides multiple opportunities for further transport of Caspian natural gas to some of the largest European markets such as Germany, France, the UK, Switzerland and Austria.
TAP will promote the economic development and job creation along the pipeline route; it will be a major source of foreign direct investment and it is not dependent on grants or subsidies. With first gas sales to Georgia and Turkey targeted for late 2018, first deliveries to Europe will follow approximately in early 2020.
TAP’s shareholding is comprised of BP (20%), SOCAR (20%), Snam S.p.A (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).
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