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18.Sep .2020 11:43

TAP project almost 98% completed

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The Trans Adriatic Pipeline (TAP), which envisages transportation of Azerbaijani gas to Europe, is 97.9 percent completed as of the end of August 2020, Trend reports referring to the TAP AG consortium.

“TAP is moving closer to completing the project construction phase. In preparation for the start of commercial operation and as part of the testing and commissioning phase, the TAP pipeline has been filled with natural gas from the Greek-Turkish border up to the compressor station in Fier, Albania. At the end of August 2020, the TAP project was 97.9 percent completed,” reads a message from TAP AG.

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.

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.

Once built, TAP will offer a direct and cost-effective transportation route opening up the vital Southern Gas Corridor, a 3,500-kilometer long gas value chain stretching from the Caspian Sea to Europe.

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).