The Trans Adriatic Pipeline AG has announced that a total of 10 billion cubic meters (BCM) of natural gas from Azerbaijan has now entered Europe through the Kipoi interconnection point on the Greek-Turkish border, where TAP connects to the Trans Anatolian Pipeline (TANAP). About 8.5 BCM of these 10 BCMs have been delivered to Italy.
“10 bcm is a symbolic, but important milestone,” said TAP Managing Director Luca Skipati “More than a year after the start of commercial operations, we have provided our shippers with efficient, reliable and uninterrupted transportation services, which is making a significant contribution to Europe’s energy security and supply diversification. We are currently able to reach 10 BCM transport capacity per year. On top of that, we can add more power through short-term auctions, “he added.
TAP Commercial Head Maria Savova Note that the first 10 BCM gas supply in Europe increases the liquidity of the gas market and strengthens the role of TAP as a reliable transporter which can significantly contribute to the security of supply in Europe. “TAP could double its capacity and expand to 20 BCM in 45-65 months in phases, as a result of requests received during the binding phase of a market test and submission of requests for an economically viable result,” he said. Scheduled for 2023 “However, TAP could accelerate this timeline and launch the binding phase of the market test by 2022, provided TAP is interested in getting started early on the ongoing public consultation. We invite all interested parties to take part in the ongoing market test, “said Savova
As the European section of the Southern Gas Corridor, TAP currently transports about 10 bcm / a to various markets in Europe.
TAP’s shareholdings are bp (20%), SOCAR (20%), Snam (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).