Following the beginning of business operations on November 15, 2020, the Trans Adriatic Pipeline (TAP) AG confirmed at this time the graduation of gasoline flows from Azerbaijan. The primary gasoline has reached Greece and Bulgaria, by way of the Nea Mesimvria interconnection level with DESFA, in addition to Italy, by way of the Melendugno interconnection level with SNAM Rete Fuel (SRG), Pattern studies.
Luca Schieppati, TAP’s Managing Director, commented: “Immediately is a historic day for our venture, in addition to for our host international locations and Europe’s power panorama. TAP is an important a part of the continent’s gasoline community, contributing to the power transition roadmap. We provide a dependable, direct and cost-effective transportation path to South East European international locations and past.”
First gasoline transported by way of TAP
Marija Savova, TAP’s Head of Business, added: “The beginning of gasoline deliveries is a big milestone for Europe’s gasoline market. Whereas we stay up for offering transportation providers to shippers within the upcoming months and years, we additionally stay up for launching the second part of our market check in the summertime, which is able to allow the longer term growth of TAP, doubling the pipeline’s capability to 20bcm/a.”
TAP is a Transmission System Operator, offering capability to shippers thinking about transporting pure gasoline to a number of markets in Europe. As a brand new gasoline import route, the Southern Fuel Hall strengthens Europe’s power safety, its market integration, in addition to EU’s decarbonisation efforts.
In regards to the Trans Adriatic Pipeline (TAP)
TAP transports pure gasoline from the large Shah Deniz area within the Azerbaijan sector of the Caspian Sea to Europe. The 878 km lengthy pipeline connects with the Trans Anatolian Pipeline (TANAP) on the Turkish-Greek border in Kipoi, crosses Greece and Albania and the Adriatic Sea, earlier than coming ashore in Southern Italy.
TAP will facilitate gasoline provides to South Japanese European international locations via potential interconnectors. Specifically, Bulgaria will be capable of cowl as much as 33% of its whole gasoline demand via TAP after the completion of the Interconnector Greece Bulgaria (IGB). TAP’s exits in Greece and Albania along with the landfall in Italy present a number of alternatives for additional transport of gasoline from Azerbaijan to the broader European markets.
As a key a part of the Southern Fuel Hall, TAP is strategically and economically necessary to Europe and important in offering dependable entry to a brand new supply of pure gasoline. TAP performs a big function in boosting Europe’s power safety, provide diversification, in addition to decarbonisation targets.
TAP’s shareholding is comprised of bp (20%), SOCAR (20%), Snam (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).