Italy`s Enel expresses interest in 10-20 pct of TAP gas pipeline
Baku, March 28 (AZERTAC). Italy`s Enel utility is interested in a 10-20 percent share in the Trans Adriatic Pipeline (TAP) project that would carry gas from the Caspian region to Italy through Greece and Albania, chief executive officer Fulvio Conti said on Tuesday.
"There`s talk of a 10 to 20 percent share that we would be happy to take," the company CEO said on the sidelines of a conference in Brussels. "The decision should be taken, I believe, in September or October," he added.
TAP is competing with the Nabucco West project to carry 10 billion cubic metres (bcm) of natural gas per year from Azerbaijan`s Shah Deniz II gas field to Europe after 2018 and reduce the European Union`s dependence on Russian gas. The project is proposing a route from Turkey through Albania and Greece into Italy, while Nabucco West offers to ship gas from Turkey`s border with Bulgaria to Austria. The Shah Deniz consortium will decide in June which pipeline gets the nod to deliver the sought-after gas.
State-controlled Enel is developing a liquefied natural gas terminal on the island of Sicily and has a stake in the GALSI project which aims to bring Algerian gas into Italy.
Other news in this section
