Italian online magazine writes about TAP project
Rome, February 4 (AZERTAC). Italian Linkiesta online magazine has published an article about the TAP project, which will transport Azerbaijan`s natural gas to Europe.
The article highlights the strategic significance of the project. It says the project is of great importance to Europe in terms of diversifying energy supply of the continent.
The magazine recalls the Shah Deniz Consortium - Azerbaijan's state energy company SOCAR, British BP and France's Total - has made the final investment decision (FID) on the second phase of offshore gas condensate field development.
“The final investment document on the project to supply European buyers with gas from Azerbaijan's Shah Deniz-2 field was signed in Baku on December 17 at the Heydar Aliyev Center.
The long-awaited decision became a major milestone in diversification of Europe's energy supplies, opened a strategic door for stronger European energy security and turned Azerbaijan into a strong player in the world gas market.”
The author also stresses the necessity of the TAP project for Italy.
The article hails Azerbaijan`s energy strategy, saying in early 1990s the government announced energy sector open for foreign investment. “And it has had a positive impact on the country`s economy.”
The article also says the final investment decision on Shah Deniz 2 triggers plans to expand the South Caucasus Pipeline through Azerbaijan and Georgia, to construct the Trans Anatolian Gas Pipeline (TANAP) across Turkey and to construct the Trans Adriatic Pipeline (TAP) across Greece, Albania and into Italy. “Together these projects, as well as gas transmission infrastructure to Bulgaria, will create a new Southern Gas Corridor to Europe.”
The full article is available at: http://www.linkiesta.it/tap-tracciato-definitivo
Other news in this section
