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TAP Awards Compressor Stations Contract to Italian-Greek Joint Venture

TAP has selected a joint venture comprising Renco S.p.A (Italy) and Terna S.A. (Greece) for the Engineering, Procurement, Construction (EPC) of the project’s compressor stations. In Greece, the award covers the provision of EPC and commissioning of one compressor station at Kipoi. In Albania, the award covers the provision of EPC and commissioning of one compressor station at Fier and one...

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%).