ECONOMY


Two new contracts signed within TAP

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Baku, December 23, AZERTAC

Trans Adriatic Pipeline AG (TAP) awarded a contract for the Engineering, Procurement and Construction (EPC) of the Pipeline Receiving Terminal (PRT) and a contract for the EPC of the onshore pipeline in Italy, TAP’s official website reported.

The joint venture comprised of Italian Enereco S.p.a. and Max Streicher S.p.a. has been awarded the contract for the onshore pipeline in Italy, which will connect the project offshore section at the landfall with the PRT.

Italian Renco S.p.a. has been awarded the contract for the Pipeline Receiving Terminal, which is the final element connecting TAP to the Snam Rete Gas network.

The approximately 870 km long pipeline will connect with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border at Kipoi, cross Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy. TAP will transport natural gas from the giant Shah Deniz II field in Azerbaijan to Europe.

TAP’s shareholding is comprised of BP (20%), SOCAR (20%), Snam S.p.A (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).

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