TAP starts “Expression of Interest” phase

The Trans Adriatic Pipieline AG (TAP) launched an "Expression of Interest", which is a first, non-binding phase of the market test, TAP reported.

According to the report, this phase envisages the invitation of all interested parties including transmission system operators (TSOs) and relevant institutions (governments, ministries of EU Member and non-Member States, financial institutions), as well as market operators, to express to TAP their interest in contracting capacity, or in connecting to the TAP pipeline.

The market test is structured in two phase: expression of interest phase and booking phase.

TAP is one of the Southern Gas Corridor projects, which is designed to transport gas from the Caspian region via Greece and Albania and across the Adriatic Sea to southern Italy and further into western Europe. Gas to be produced during the second stage of Azerbaijani Shah Deniz gas condensate field development is considered as the main source for TAP.

TAP's shareholders are EGL of Switzerland (42.5 percent), Norway's Statoil (42.5 percent) and E.ON Ruhrgas of Germany (15 percent).

The total length of TAP is approximately 800 kilometres. The initial pipeline capacity of TAP will be 10 billion cubic metres per year, expandable to 20 billion cubic metres per year.


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