BP's Bob Dudley highlights importance of TAP pipeline
Construction of the Trans Adriatic Pipeline (TAP) is the largest infrastructure pipe project in the world, BP Group Chief Executive and BP Director Bob Dudley said following a meeting with Greek Minister of State Nikos Pappas, Greek media outlets reported on January 22.
Dudley said that the sides discussed the progress on the TAP.
“We’re very appreciative of the Greek government, it has helped put in place the installation agreement,” he said. “I’m very pleased with the help and the mutual recognition of the importance of the project in Greece and actually for all of Europe and the very, very significant investment.”
“This pipeline is the largest infrastructure pipe project in the world that we know, the production of gas by Azerbaijan through Georgia into Turkey and then into Greece and then across Albania into Italy,” he said. “I think I would like to add that this is a great example of the business-minded support of the Greek government for inward investment into Greece and BP is very happy to be a part of this project, and I am very comfortable with the alignment on this important European project.”
The 878 km TAP pipeline will transport Azerbaijani natural gas from the giant Shah Deniz II field through the last leg of the Southern Gas Corridor, connecting with the Trans Anatolian Pipeline at the Turkish-Greek border at Kipoi and then crossing Greece, Albania and the Adriatic Sea, before coming ashore in Southern Italy.
TAP will promote the economic development and job creation along the pipeline route; it will be a major source of foreign direct investment and it is not dependent on grants or subsidies. With first gas sales to Georgia and Turkey targeted for late 2018, first deliveries to Europe will follow approximately in early 2020.
TAP’s shareholding is comprised of BP (20 percent), SOCAR (20 percent), Snam S.p.A (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (five percent).
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