Snam S.p.A. becomes shareholder in TAP

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Baku, December 18, AZERTAC

TAP has announced that Italian Snam S.p.A. (Snam) completed its acquisition of Statoil’s 20% interest in TAP. As a result, TAP’s shareholding is now comprised of BP (20%), SOCAR (20%), Snam S.p.A. (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).

Ian Bradshaw, Managing Director for TAP, said: “I am delighted that Snam S.p.A. has now officially joined TAP and welcome them to the project. Having Snam in the project will continue to enhance TAP’s strategic position as a truly European project that will transport a new source of gas to the continent’s energy markets.”

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