Azerbaijan most likely source of TAP’s second phase
By Trend
Azerbaijan is the most likely source of second phase of gas
transportation to Europe via the Trans-Adriatic Pipeline (TAP),
Ulrike Andres, Commercial and External Affairs Director of the TAP
AG told New Europe.
However, in line with EU regulation, any shipper who wishes to take
part in TAP’s open seasons may do so as long as they comply with
the requirements for participation, she added.
Andres pointed out that the first phase of TAP’s 10
billion-cubic-meters capacity is booked on ship or pay.
“However, there is a minor amount of capacity available for
short-term transportation and capacity might be made available on
the secondary market, should there be demand from shippers,” she
added.
Earlier, deputy CEO of Russia’s Gazprom Alexander Medvedev said
that the company is discussing the possibility of using Poseidon
and TAP to export gas to Europe.
Federico Ermoli, Vice-President of Italy’s Snam company, which is
one of TAP shareholders, said that the pipeline’s capacity can be
expanded and used for delivering Russian gas to Europe.
Moreover, CEO of Fluxys Pascal De Buck told reporters on the
sidelines of the European Gas Conference that “this is a very good
idea”.
TAP is a part of the Southern Gas Corridor which is one of the
priority energy projects for the EU.
TAP project envisages transportation of gas from the Stage 2 of
development of Azerbaijan's Shah Deniz gas and condensate field to
the EU countries.
The pipeline will be connected to the Trans-Anatolian Pipeline
(TANAP) on the Turkish-Greek border, run through Greece, Albania
and the Adriatic Sea, before coming ashore in Italy's south.
TAP’s shareholders are: BP (20 percent), State Oil Company of
Azerbaijan (20 percent), Snam (20 percent), Fluxys (19 percent),
Enagas (16 percent) and Axpo (5 percent).
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