TAP Transports Its First 10 Bcm of Natural Gas from Azerbaijan to Europe

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TAP Transports Its First 10 Bcm of Natural Gas from Azerbaijan to Europe

Mon, 03/21/2022 - 10:39
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Route of the Trans Adriatic Pipeline (© Trans Adriatic Pipeline AG)
Route of the Trans Adriatic Pipeline (© Trans Adriatic Pipeline AG)

The Trans Adriatic Pipeline AG on March 17 announced that it had transported a total of 10 billion cubic meters of natural gas from Azerbaijan to Europe through the Kipoi interconnection point located at the Greek-Turkish border. It is also the same point where TAP connects to the Trans Anatolian Pipeline (TANAP). Currently, 8.5 out of the 10 bcm have been delivered to Italy.

"10 bcm is a symbolic but an important milestone. A little over a year after the start of commercial operations, we have provided efficient, reliable, and continuous transportation services to our shippers, making an important contribution to Europe's energy security and supply diversification. We are currently able to reach the full transport capacity of 10 bcm per year. On top of this, we can add further capacity via short-term auctions," said Luca Schieppati, TAP Managing Director.

TAP Head of Commercial, Marija Savova, the company's delivery of the first 10bcm of natural gas to Europe will reinforce TAP's role as a reliable transport that can enormously contribute to the security of gas suppliers to Europe enhance the gas market's liquidity.

"TAP can double its capacity and expand in stages, up to 20 bcm within 45-65 months, as a result of requests to be received during the binding phase of a market test and the accumulated requests resulting in an economically viable outcome.

"The next binding phase is currently scheduled for July 2023. However, TAP can accelerate this timeline and launch the binding phase of the market test during 2022, provided that TAP receives interest for an earlier start in the ongoing public consultation. We invite all interested parties to take part in the ongoing market test," added Savova.

Comments

Submitted by Galvagni p.i. Nicola (not verified) on Tue, 03/22/2022 - 18:28 Permalink

Good !!!

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