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Prolonged Validity Period for TAP’s Exemption

The regulatory authorities in TAP’s host countries – Greece, Italy and Albania – have released a joint opinion, prolonging the validity period of TAP’s exemption from certain provisions of the EU Gas Directive. TAP’s exemption has been updated in line with the planned commencement date of Shah Deniz Phase 2 gas exports to Europe, now expected in 2020. This enables TAP to be fully aligned with...