TAP to contribute to more competitive environment in European gas market
By Trend
Trans Adriatic Pipeline (TAP) project, which envisages transportation of Azerbaijani gas to Europe, will contribute to a more competitive environment in European gas market, Trend reports citing a message from TAP AG consortium.
“Natural gas consumption in Europe continues to rise. While gas meets 54 percent of energy needs in Italy, it costs around 30 percent more than the European average. Once operational, TAP will diversify supply sources and contribute to a more competitive environment,” said the consortium.
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.
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