ECONOMY


TAP to finance 8 project in Italy’s Salento

Baku, May 23, AZERTAC

The consortium for construction of the Trans Adriatic Pipeline (TAP) will support eight projects in Italy’s Salento with €50,000 grants.

TAP is a part of the Southern Gas Corridor, which is one of the priority energy projects for the European Union. The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries.

The pipeline will connect to the Trans Anatolian Natural Gas Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy’s south.

The TAP project is one of the key elements of the broader Southern Gas Corridor value chain, which, along with the Trans Anatolian Pipeline (TANAP) and the South Caucasus Pipeline (SCP), will transport Shah Deniz Stage 2 gas from Baku to the European Union. The Shah Deniz Consortium expects to make a final decision on the preferred European gas transportation solution by mid-2013.

The project is designed to expand transportation capacity from 10 to 20 bcm per year. TAP also envisages physical reverse flow of up to 80 per cent and the option to develop natural gas storage facilities in Albania to further ensure security of supply during any operational interruption of gas deliveries.

TAP will be 878 kilometers in length (Greece 550 kilometers, Albania 215 kilometers, Adriatic Sea 105 kilometers, and Italy 8 kilometers).

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