Trans Adriatic Pipeline (TAP) AG is currently offering three scenarios for the expansion of transportation capacity, said Marija Savova, TAP Head of Commercial, Report informs, citing TAP AG.
According to her, the first scenario is a limited expansion (approximately 14.4bcm/a): “The second scenario is a partial expansion (approximately 17.1bcm/a), and the third is a full expansion (approximately 20bcm/a). Through the open, transparent, and non-discriminatory market test process, TAP offers forward firm long-term capacity to the market and we look forward to receiving bids during the summer period.”
TAP transports natural gas from the giant Shah Deniz field in the Azerbaijan sector of the Caspian Sea to Europe. The 878 km long pipeline connects with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border in Kipoi, crosses Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy.
TAP will facilitate gas supplies to South Eastern European countries through prospective interconnectors. In particular, Bulgaria will be able to cover up to 33% of its total gas demand through TAP after the completion of the Interconnector Greece Bulgaria (IGB). TAP’s exits in Greece and Albania together with the landfall in Italy provide multiple opportunities for further transport of gas from Azerbaijan to the wider European markets.
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%).