Corinth Pipeworks S.A. awarded contract for TAP onshore line pipe
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Trans Adriatic Pipeline AG (TAP) has awarded a contract to
Corinth Pipeworks S.A. who will provide approximately 495km of 48”
diameter line pipes for the Trans Adriatic Pipeline across
Greece.
This contract award makes up approximately 270,000 tonnes of line
pipe.
Ian Bradshaw, Managing Director at TAP, said: “We are pleased to be
working with Corinth Pipeworks S.A. for this important contract. I
would like to congratulate Corinth Pipeworks S.A. and its partner
Marubeni Itochu Steel inc. for submitting a robust bid, to the
highest industry standards. I also want to thank all the companies
that participated in this tender round. TAP has employed a rigorous
selection process, based on companies’ technical competence, health
and safety standards as well as international best practice.
Having selected Corinth Pipeworks S.A. as the major supplier of
line pipe required for TAP in Greece, we hope it helps secure
employment and brings longer-term additional investment and
benefits to Greece.”
Corinth Pipeworks S.A. is a global supplier of high quality steel
pipes for the energy and construction markets. Based in Greece,
Corinth Pipeworks Group of Companies has subsidiaries in Greece,
USA, Russia, Cyprus and Poland and a representative network of
agencies, worldwide. Its Thisvi plant is located in Viotia, Greece
and its annual production capacity amounts 1,000,000 tonnes,
approximately.
Marubeni Itochu Steel Inc (MISI) is one of the largest steel and
tubular suppliers in the world having a consolidated turnover of
2.1 Trillion JPY and a profit before tax of 40 Billion JPY in
FY2014. MISI was established in 2001 in Japan as a 50/50 joint
venture of Marubeni and Itochu Corporation.
This year TAP has awarded several contracts: construction and
rehabilitation of access roads and bridges in Albania
(April 2015), large diameter ball valves and actuators (July 2015),
and turbo compressors (September 2015) and
fittings, isolating joints and scraper
traps (October 2015).
TAP will transport natural gas from the giant Shah Deniz II field
in Azerbaijan to Europe. The 878 km long pipeline will connect with
the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border at
Kipoi, cross Greece and Albania and the Adriatic Sea, before coming
ashore in Southern Italy.
TAP’s routing can facilitate gas supply to several South Eastern
European countries, including Bulgaria, Albania, Bosnia and
Herzegovina, Montenegro, Croatia and others. TAP’s landfall in
Italy provides multiple opportunities for further transport of
Caspian natural gas to some of the largest European markets such as
Germany, France, the UK, Switzerland and Austria.
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%), SOCAR (20%), Statoil
(20%), Fluxys (19%), Enagás (16%) and Axpo (5%).
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