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TAP to Launch Invitation to Tender for the Purchase of Gas to be used during the Operations Phase

15 June 2020

Baar, Switzerland. By 22 June 2020, Trans Adriatic Pipeline AG (TAP) intends to publish on its corporate website an Invitation to Tender (ITT) outline for the purchase of gas required for operational activities, including the fuelling of the compressor stations. This tender is carried out in preparation for the start of the commercial operations phase, scheduled for the fourth quarter of 2020.

The ITT outline will set out the terms of the tender process to which each bidder shall be deemed to have agreed to by their participation. A pro-forma Expression of Interest (EoI) will also be available on TAP’s website so that qualifying parties can register their interest in receiving the full ITT package.

A high-level overview of the tender process is set out below:

  • Supply period: from the start of TAP commercial operations until 30th September 2021
  • Delivery points:
    • The Interconnection Point of Melendugno (through virtual flow)
    • TAP Virtual Trading Point (VTP), accessible for TAP shippers owning forward firm transportation capacity for the relevant period.

Additional information and the relevant ITT documentation is available here

 

ENDS

About the Trans Adriatic Pipeline (TAP)

TAP will transport natural gas from the giant Shah Deniz II field in the Azerbaijani sector of the Caspian Sea to Europe. The 878 km long pipeline connects with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border in Kipoi, crosses 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. TAP’s landfall in Italy provides multiple opportunities for further transport of Caspian gas to the wider European markets.

TAP promotes economic development and job creation along the pipeline route; it is also a major source of foreign direct investment.

TAP’s shareholding is comprised of BP (20%), SOCAR (20%), Snam (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).

More about TAP: www.tap-ag.com | www.twitter.com/tap_pipeline

Media Enquiries in English: media@tap-ag.com