TAP still open to collaboration with Greek companies
On 25 July, the Trans Adriatic Pipeline (TAP) discussed with Greece’s new government the realisation of the Southern Gas Corridor and reiterated its commitment to remain open to collaboration with Greek companies, the consortium said in a press statement.
Following the meeting held by TAP officials with Assimakis Papageorgiou, Greece’s Deputy Minister of Environment, Energy and Climate Change, Rikard Scoufias, Country Manager for TAP, said it was a “productive and positive discussion” with the deputy minister about the forthcoming selection of which pipeline will be realised on the southern gas corridor. “We informed about our strong progress and reiterated our commitment to remain open to collaboration with Greek companies. It is our understanding that the future of the Greek corridor will now be put to the prime minister and cabinet since the realisation of TAP will have notable impact on investment, growth and Greece's strategic goals. It was a good meeting and we look forward to continue our constructive dialogue towards TAP and the Greek route's successful selection,” Scoufias said.
Papageorgiou noted that the pipelines should serve Greece's "strategic interests".
TAP, which is one of the projects within the Southern Gas Corridor, is designed to transport gas from the Caspian region via Greece and Albania and across the Adriatic Sea to southern Italy and further into Western Europe. Gas, which will be produced during the second stage of Azeri Shah Deniz gas condensate field development, is the main supply source for the project. Earlier this year Shah Deniz consortium made TAP a priority route for export of Azerbaijani gas to Italy.
TAP's initial pipeline capacity of TAP will be 10bn cubic metres per year, expandable to 20bn cubic metres per year. TAP's shareholders are EGL of Switzerland (42.5%), Norway's Statoil (42.5%) and E.ON Ruhrgas of Germany (15%). (KG) new europe on line
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