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Economy

TAP Transports First 1 Bln Bcm of Natural Gas to Europe

THESSALONIKI — Following the official commencement of gas flows via TAP in December 2020, the Trans Adriatic Pipeline AG on Friday announced that a total of 1 billion cubic meters of natural gas from Azerbaijan has now entered Europe via the Greek interconnection point of Kipoi, where TAP connects to the Trans Anatolian Pipeline (TANAP). As the European section of the Southern Gas Corridor, TAP has the capacity to transport approximately 10 billion cubic meters of gas per annum to several markets in Europe. The pipeline is also designed with the potential to expand its throughput capacity up to 20 bcm/a.

Luca Schieppati, TAP Managing Director, commented: “With 1 bcm of gas now safely transported, our infrastructure continues to enable diversification across multiple markets. The gas volumes delivered by TAP play a key role in providing the EU with a new source of secure, reliable and affordable energy, while facilitating its energy transition roadmap.”

Marija Savova, TAP Head of Commercial, added: “The delivery of the first 1 bcm enhances market competition and reinforces TAP’s role as a reliable TSO. TAP is particularly important in South Eastern Europe, where several markets could directly receive additional gas. Moreover, there are open invitations to participate in the July 2021 binding bidding phase of the market test for the potential expansion of TAP’s capacity.”

 

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