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Snam S.p.A. to join TAP shareholding, acquiring 20% stake in the project from Statoil

TAP is pleased to announce that Snam S.p.A. (Snam) will shortly join TAP’s shareholding by acquiring a 20% stake in the project from Statoil. The transaction is expected to close by end 2015. Following closing, TAP’s shareholding will be comprised of BP (20%), SOCAR (20%), Snam S.p.A. (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).

TAP Completes First Phase of Access Roads and Bridges Rehabilitation in Albania

At the end of 2016, TAP completed the first phase of road infrastructure rehabilitation in Albania, comprising the upgrade of approximately 58km of access roads, construction of two new bridges and refurbishment of 40 bridges. Works lasted one year and a half and were conducted by the joint venture formed by Gener 2 Sh.p.K and Sicilsaldo S.p.A.

TAP Italy Q&A re: Olive Tree Removal

To avoid any impact on the San Foca beach, TAP is building a 1.5km micro-tunnel. This state-of-the-art engineering minimises environmental impact and renders the pipeline invisible. To start building the micro-tunnel – at a site approximately 800m inland from the beach – TAP, as a first step, needs to move and store 231 olive trees, which will later be replanted at the same location.

About TAP

The Trans Adriatic Pipeline operates a natural gas transportation infrastructure system from the Greek border with Türkiye to Southern Italy, enabling interested parties to market gas to several European countries. TAP is the European segment of the Southern Gas Corridor (SGC), connecting Caspian natural gas resources in the Caspian region with European markets.