95% of TAP's construction completed | Eurasia Diary - ednews.net

23 August, Friday


95% of TAP's construction completed

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The final stage of onshore activities for the Trans Adriatic Pipeline (TAP) has been completed for more than 95 percent of the route in Greece, Albania and Italy (765km in total), Trend reports.

“Agriculture is resuming after land reinstatement along TAP route,” said said the message.

TAP project, worth 4.5 billion euros, is one of the priority energy projects for the European Union (EU). The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries.

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Connecting with the Trans Anatolian Pipeline (TANAP) at the Greek-Turkish border, TAP will cross Northern Greece, Albania and the Adriatic Sea before coming ashore in Southern Italy to connect to the Italian natural gas network.

The project is currently in its construction phase, which started in 2016.

TAP shareholders include BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).

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