ECONOMY


Trans Adriatic Pipeline works in Greece to begin by mid-2016‏

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Baku, March 28, AZERTAC

Works on building a TAP natural gas pipeline project in Greece will begin by the middle of the year, Richard Skoufias, manager of the project in Greece announced.

Addressing a conference on the energy market , Skoufias said the pipeline will extend from the Greek-Turkish borders to Italy, via Albania and the Adriatic Sea and stressed that the project was sending a message of investment confidence for the country while at the same time upgrading the country’s role in the region. The consortium has signed partnership agreements with 150 Greek enterprises and has had 450 meetings with local communities.

The TAP project aims to transport gas to Europe from Azerbaijan’s Shah Deniz II field in the Caspian Sea, one of the world’s largest gas fields, by the end of the decade.

TAP’s shareholders are BP, Azerbaijani State Company SOCAR, Snam, Fluxys, Enagas and Axpo.

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