TAP joins UNEP’s Oil & Gas Methane Partnership 2.0
TAP joined the Oil and Gas Methane Partnership (OGMP 2.0), the flagship oil and gas reporting and mitigation programme of the United Nations Environment Programme (UNEP). This voluntary initiative seeks to support Oil & Gas companies in reducing methane emissions.
OGMP 2.0 is applying stringent criteria that form a global reference to encourage optimal performance, both in terms of reporting and emissions reduction through transparency and the sharing of best practices. This move reinforces the Company’s commitment to carbon neutrality by 2050.
TAP is aimed at obtaining OGMP 2.0’s “Gold Standard” status by 2025, which will acknowledge its plans to measure and reduce methane emissions.
OGMP 2.0 is the only comprehensive, measurement-based reporting framework for the industry. It improves the accuracy and transparency of methane emissions reporting.
About the Trans Adriatic Pipeline (TAP)
TAP transports natural gas from the giant Shah Deniz 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 facilitates gas supplies to South Eastern European countries through existing and prospective interconnectors. TAP is connected to Interconnector Greece Bulgaria (IGB) which started its commercial operations in October 2022, providing Caspian gas to Bulgaria, enhancing security of energy supplies in one more European country. TAP’s exits in Greece and Albania, together with the landfall in Italy provide multiple opportunities for further transport of gas from Azerbaijan to the wider European markets.
As a key part of the Southern Gas Corridor, TAP is strategically and economically important to Europe and essential in providing reliable access to a new source of natural gas. TAP plays a significant role in boosting Europe’s energy security, supply diversification, as well as its decarbonisation objectives.
TAP’s shareholding is comprised of bp (20%), SOCAR (20%), Snam (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).