Page 7 - FSUOGM Week 38 2021

FSUOGM PIPELINES & TRANSPORT FSUOGM

TAP announces 5 bcm of Azeri

gas delivered to Europe

SE EUROPE THE Trans Adriatic Pipeline (TAP) company Marija Savova, TAP head of commercial,
on September 16 announced that it has trans- added: “While TAP’s continuous operations
TAP came online at the ited 5bn cubic metres (bcm) of natural gas from since the end of last year boost liquidity on the
end of last year. Azerbaijan to Europe. gas markets, it is important to remember that
The 878-km TAP pipeline went operational there is an ongoing market test and TAP can
at the very end of last year. Taking a route expand in stages, up to double its initial capacity.
from an interconnection point at Kipoi, on the While the non-binding phase of the 2021 market
Greek-Turkish border, it runs across Greece and test has just ended, all interested parties can par-
Albania before taking an undersea route under ticipate in the upcoming binding phase.”
the Adriatic to reach southern Italy. The inter- Additional information about TAP’s market
connection point is where TAP connects to the test can be found on TAP’s corporate website.
Trans Anatolian Pipeline (TANAP) pipeline As the European section of the SGC, TAP
which delivers gas that has flowed from Azerbai- has the capacity to transport approximately 10
jan via Georgia and Turkey. Taken together the bcm of gas per annum to Europe. The pipeline
interlinked pipelines are known as the Southern is designed with the potential to expand its
Gas Corridor (SGC), which the European Union throughput capacity up to 20 bcm/yr.
has supported as a means to lower dependence TAP transports natural gas sourced from the
on Russian gas supplies. giant Shah Deniz field in the Azerbaijan sector
Luca Schieppati, TAP managing director, said of the Caspian Sea.
in a press release: “We are very pleased to reach TAP has plans to facilitate gas supplies to
this important milestone and consolidate TAP’s Southeastern European countries through inter-
role as a reliable transmission system operator connectors. In particular, Bulgaria will be able to
on the European energy landscape. In addition cover up to 33% of its total gas demand through
to enabling energy security and diversification TAP after the completion of the Interconnector
across multiple markets, the gas volumes deliv- Greece Bulgaria (IGB). TAP’s exits in Greece and
ered via TAP support the energy transition, Albania together with the landfall in Italy pro-
especially in South Eastern Europe. Moreover, vide multiple opportunities for further transport
as per our long-term vision, TAP will continue of gas from Azerbaijan to the wider European
to pursue opportunities to transport carbon neu- markets, TAP said.
tral energy sources, such as hydrogen, reducing TAP’s shareholding is comprised of bp (20%),
emissions, in line with European Union energy SOCAR (20%), Snam (20%), Fluxys (19%), Ena-
transition objectives.” gas (16%) and Axpo (5%). ™

Week 38 22•September•2021 www. NEWSBASE .com P7