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TAP to organise South Eastern Europe Gas Forum in Brussels
On the 27th October TAP will be hosting the South Eastern Europe Gas Forum in Brussels with participation of Günther Oettinger, EU Energy Commissioner, representatives of SEE governments and European energy companies.
TAP Invests €1 Million in Energy-focused Postgraduate Programmes
On 21 September, TAP AG presented its €1 million initiative for funding Master’s programmes in the energy sector, offered by the University and the Technological Educational Institute (TEI) of Western Macedonia – the Prefecture’s two tertiary education institutions. The investment is implemented in the context of the collaboration between TAP and the Bodossaki Foundation. As part of this...
TAP receives Independent Natural Gas System (INGS) license from Greek Regulatory Authority (RAE)
Athens, Greece. Greece’s Regulatory Authority for Energy (RAE) has granted Trans Adriatic Pipeline AG (TAP) a license for an Independent Natural Gas System (INGS). The license, granted by the authority on the 5 September 2014, refers to the Greek section of the project. The term of the license is 50 years.
MD Kjetil Tungland’s thoughts on reaching a major milestone in the project’s development
As the 1st October deadline was approaching, TAP project team members in Switzerland, Greece, Albania, Italy and Brussels applied the finishing touches to TAP’s submission for the Request for Information to the Shah Deniz Consortium.
Working with Care for the Environment along TAP’s Route
October 4 marks the annual “World Animal Day”, an initiative aimed to raise awareness about animal welfare globally. We therefore took the opportunity to look back on TAP’s environmental efforts and commitments as well as report on recent actions to identify, mitigate and protect important species, their habitats and ecosystems along the pipeline route.
TAP submits Preliminary Environmental Impact Assessment to Greek authorities
TAP moves closer to finalizing its Environmental and Social Impact Assessment process in Greece, submits PEIA to Greek Ministry of Environment
TAP and Shah Deniz Consortium members select Société Générale as financial advisor
Société Générale Corporate and Investment Banking will provide financial guidance to the project during its preparatory and construction phases.
TAP Launches Offshore Construction Works in Albania | Preparations Start for Offshore Pipe Installation at Albanian Landfall
On 19 October 2018, TAP marked the start of construction works for the 105km offshore pipeline section. The physical offshore pipeline installation is planned to be carried out in 2019, as per TAP’s schedule.The milestone was celebrated in a ceremony attended by Edi Rama, the Prime Minister of Albania, Damian Gjiknuri, the Minister of Infrastructure and Energy, Armando Subashi, the Mayor of...
Trans Adriatic Pipeline Completes Offshore Section
TAP successfully completed the 105 km long offshore section of the pipeline across the Adriatic Sea. This milestone includes several deliverables, such as the offshore installation of 36-inch pipes by Castoro Sei, Saipem’s semi-submersible pipelaying vessel, the above-water-tie-in with the onshore infrastructure in Albanian waters, as well as hydrotesting the asset to ensure it is safe and...
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TAP completes successful Euros 3.9 billion project financing
As one of Europe’s most strategic projects, TAP successfully completed financial close in December 2018, securing Euros 3.9 billion - the largest project finance agreed for a European infrastructure project in 2018. The financing is provided by a group of 17 commercial banks, alongside the EBRD and the European Investment Bank (EIB). Part of the financing is covered by the export credit...
TAP and DESFA Sign Agreement for the Maintenance of TAP’s Greek Pipeline section
The agreement was ratified by the competent Regulatory Authority for Energy (RAE) on December 12, 2018. The maintenance agreement covers a period of 5 years, following the beginning of TAP’s commercial operation in 2020, while the contract also includes pre-operational support.
TAP Provides €520,000 for New Market in Korça, Albania
On 14 April 2019, TAP, the Municipality of Korça and the Italian-Albanian Debt for Development Swap Program (IADSA) inaugurated a new market hall in Korça, “Markata e Shijes” (in English, the “market of taste”). The new market offers a modern space for the residents of Korça, where they can purchase fresh fruit and vegetables, dairy, meat and sea food products from the surrounding areas.