ECONOMY
Ian Bradshaw: TAP construction to start in late May
Baku, March 1, AZERTAC
The construction of the Trans Adriatic Pipeline (TAP), one of the main components of the Southern Gas Corridor, will start in late May-early July, Ian Bradshaw, Managing Director at TAP, stated at the 2nd Southern Gas Corridor Advisory Council meeting in Baku.
According to him, the groundbreaking ceremony will take place in Greek city of Thessaloniki.
For successful development of the project, the Greek side has taken necessary steps, he added.
The TAP route will be approximately 870 kilometers in length (Greece 550 km; Albania 210 km; offshore Adriatic Sea 15km; Italy 5 km). TAP's initial pipeline capacity will be 10 billion cubic meters per year, but it will be easily expandable to 20 billion cubic meters per year. TAP is designed for transportation of natural gas of Shahdeniz 2 to Western Europe through Greece and Albania. Annual capacity is 10 bcm of gas. However, it's possible to increase the capacity to 20 bcm. This pipeline will start to transport Azerbaijani gas in 2019.
TAP shareholders are: BP – 20%, SOCAR – 20%, Statoil – 20%, Fluxys – 19%, Enagas – 16% and EGL-Axpo – 5%.
FEEDBACK
Other news in this section
- 29.08.2023 [10:41]
Oil prices fall in world markets
- 29.08.2023 [10:34]
Azerbaijani oil price sells for $88.56
- 28.08.2023 [16:41]
Shah Deniz celebrates 200 billion cubic metres of total gas production
- 28.08.2023 [10:49]
Oil prices rise in world markets
- 26.08.2023 [10:53]
Azerbaijani oil price exceeds $88
- 26.08.2023 [10:36]
Oil prices rise in world markets
- 25.08.2023 [11:00]
Azerbaijani oil price drops in world markets
- 25.08.2023 [10:21]
Oil prices rise in world markets
- 24.08.2023 [10:57]
Oil prices fall in world markets
Hidayat Heydarov crowned four-time European champion
- 26.04.2024 [21:07]
President Ilham Aliyev concluded his working visit to Germany
- 26.04.2024 [21:00]
PKK bomber gets 7 life terms for Istanbul attack
- 26.04.2024 [20:50]
British man tests first personalised melanoma vaccine
- 26.04.2024 [20:33]
Azerbaijani, Kazakh military specialists hold meetings
- 26.04.2024 [20:23]
Kazakh delegation visits Azerbaijan Air Force Central Command Post
- 26.04.2024 [19:04]
AZAL introduces exclusive airfare deals to Bucharest and Sofia
- 26.04.2024 [18:38]
Gaza pier: US begins building floating base to boost aid
- 26.04.2024 [17:48]
Kyrgyz Minister of Digital Development informed about "ASAN Xidmet" center
- 26.04.2024 [16:57]
Azerbaijani judoka captures European silver
- 26.04.2024 [16:28]
Azerbaijani boxers claim two European bronzes in Serbia
- 26.04.2024 [16:27]
Deepwater Gunashli planned turnaround programme
- 26.04.2024 [16:23]
Xi meets Blinken, stresses major country responsibilities for China, U.S.
- 26.04.2024 [16:19]
Azerbaijani Paralympic swimmer secures his third European medal in Portugal
- 26.04.2024 [16:18]
Another 39 families relocated to Fuzuli city get house keys
- 26.04.2024 [15:58]
President Ilham Aliyev: COP29 will not be an arena of confrontation
- 26.04.2024 [15:39]
President Ilham Aliyev: There are very good opportunities to achieve peace
- 26.04.2024 [15:14]
Olaf Scholz: We welcome initial demarcation agreements
- 26.04.2024 [15:01]
Closing ceremony of Turkish-Russian Joint Monitoring Center held
- 26.04.2024 [14:47]
Aramco and FIFA announce global partnership
- 26.04.2024 [13:22]
Some US troops set to depart Chad, at least temporarily
- 26.04.2024 [12:00]
Meeting of SCO defense ministers to start in Astana today
- 26.04.2024 [11:33]
Russian cosmonauts complete spacewalk two hours ahead of schedule
- 26.04.2024 [11:26]
Ancient Giant Tortoise Fossils Found In Colombian Andes
- 26.04.2024 [11:25]
Speaker of Azerbaijan’s Milli Majlis embarks on official visit to Montenegro
- 26.04.2024 [11:24]
Man City hammer Brighton 4-0 to be hot on English leaders Arsenal's trail
- 26.04.2024 [11:17]
Venice introduces entrance fee for touristic old city
- 26.04.2024 [11:13]
Azerbaijan’s Defense Ministry: Wave-2024 joint tactical exercise ends VIDEO
- 26.04.2024 [11:07]
Oil prices surge in global markets
- 26.04.2024 [10:57]
Azeri Light crude dips to $88
- 26.04.2024 [10:42]
China’s Shenzhou-18 crew arrive at Tiangong space station
- 26.04.2024 [10:33]
Germany expresses readiness to support Azerbaijan in COP29
- 26.04.2024 [10:30]
Azerbaijan relocates 140 more residents to Fuzuli city VIDEO
- 26.04.2024 [10:30]
Azerbaijani writer awarded Chingiz Aitmatov medal
- 26.04.2024 [10:00]
President Ilham Aliyev embarked on working visit to Germany VIDEO
- 25.04.2024 [23:30]
China launches 3 astronauts to Tiangong space station on Shenzhou 18 mission
- 25.04.2024 [20:46]
Five short films to be shot about Wetlands on Northern Black Sea Coast
- 25.04.2024 [20:40]
Milli Majlis of Azerbaijan responds to the European Parliament’s resolution
- 25.04.2024 [20:04]
® Age of innovations kicks off with Bakcell!
- 25.04.2024 [19:20]
LG Electronics’ operating profit falls 10.8 pct in Q1
- 25.04.2024 [18:47]
Euronews TV channel airs reportage on Azerbaijan’s Port of Baku
- 25.04.2024 [18:33]
Azerbaijani taekwondo fighters to compete in Presidents Cup Europe G2
- 25.04.2024 [17:55]
155 dead, 236 injured as torrential rains hit Tanzania
- 25.04.2024 [17:41]
Azerbaijan, Kyrgyzstan sign Memorandum of Understanding
- 25.04.2024 [17:15]
Philippines grapples with measles, pertussis outbreaks: UNICEF
- 25.04.2024 [17:02]
China welcomes progress made in Azerbaijan-Armenia normalization process
- 25.04.2024 [17:01]
Presidents of Azerbaijan and Kyrgyzstan had joint dinner VIDEO
- 25.04.2024 [16:42]