Benefits that TAP will bring include:
- Direct contribution to Gross Domestic Product (GDP) through taxes.
- Direct and indirect employment during construction and operation.
- Procurement of goods and services through eligible suppliers.
- Social and environmental investment: community investment programmes.
- Access roads and bridges in Albania.
Independent studies conducted in Greece, Albania and Italy suggest that TAP will have a positive impact on the economic development of each country, especially during the construction phase.
TAP will facilitate development of Albania’s energy infrastructure and it will drive foreign investment to the country. TAP is expected to be one the largest foreign direct investments in Albania to date.
TAP receives strong support from the government of Albania and is designated as a ‘Project of National Importance’.
The pipeline will help Albania continue its commercial and physical integration with Europe, increasing the country’s regional and geo-strategic significance while promoting continued stability.
As well as encouraging stable and predictable annual revenues once it is operational, TAP could also support Albania in meeting its own domestic energy needs by developing an internal energy market.
TAP is already assisting Albania in the development of its National Gas Master Plan.
TAP’s financially robust shareholder group means that the pipeline will be funded without financial support from the Greek government. It will be a major source of direct foreign investment into Greece.
At the same time, TAP will be creating new jobs during and after construction and generating operational revenues through taxes.
TAP will offer Italy new opportunities to increase the level of market competition by delivering an initial 10 billion cubic metres (bcm) of gas a year directly to the country, representing a new source of gas.
The pipeline already employs highly skilled Italian engineering companies. When the operation comes on-stream, permanent staff will be required at the pressure reduction station at the Pipeline Receiving Terminal to monitor local daily activity, as well as operation of the entire pipeline.