According to Luca Schieppati, TAP Managing Director, ''after four and a half months since gas flow via TAP started, we transported more than 2 billion cubic meters of gas and provided safe and reliable transmission services to our shippers. The possibility to expand TAP’s capacity in stages, in line with the relevant demand and supply, is a significant opportunity, especially for the countries in the South-Eastern Europe region, which could enable them to reach their decarbonisation targets.”
Trans Adriatic Pipeline (TAP) AG today launches the binding phase of its market test with an information phase, which provides two months lead time until actual bids may be submitted, starting 17 July 2021, Report. az informs, referring to TAP AG.
The binding phase opens following the approval of the Project Proposal of TAP, the Italian transmission system operator (TSO) Snam Rete Gas (SRG), and the Greek TSO DESFA by the national regulatory authorities of Greece, Albania, and Italy, in May 2021.
In April, the Tans-Adriatic Pipeline (TAP) transported 42% more natural gas than in March, the TAP AG consortium said on Twitter.
“Aggregate March nomination was estimated at 4,565 GWh compared to April’s 6,477 GWh,” the company added.
TAP has increased the natural gas transportation from Azerbaijan by 77% since April. The Kipoi point of entry between Turkey and Greece receives 26 million cubic meters of natural gas daily. Significant amounts of natural gas are delivered to Italy. Over the past week, the country imported 22 million cubic meters, while Greece imported 4 million cubic meters during this period.
As a key part of the Southern Gas Corridor, TAP is strategically and economically important to Europe and essential in providing reliable access to a new source of natural gas. TAP plays a significant role in boosting Europe’s energy security, supply diversification, as well as decarbonisation objectives.
TAP’s shareholding is comprised of bp (20%), SOCAR (20%), Snam (20%), Fluxys (19%), Enagás (16%), and Axpo (5%).
