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TAP confirms Greek Government approval of Environmental Social Impact Assessment

12 September 2014

Athens, Greece. Greece’s Ministry of Environment, Energy and Climate Change gave formal approval and signed the Environmental and Social Impact Assessment (ESIA) submitted by Trans Adriatic Pipeline AG (TAP) for the Greek section of the pipeline, concluding another major milestone for the project.

The approval comes after extensive engagement with all those involved including regular discussion with local communities, public consultation and close cooperation with those national and regional authorities involved in the process. TAP is committed to responsibly deliver a world-class project in Greece and will continue to work closely and collaboratively with all those involved.

The final ESIA report is in full accordance with both Greek and EU legislation and follows the international requirements of the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC).

 

ENDS

About the Trans Adriatic Pipeline (TAP)

TAP will transport natural gas from the giant Shah Deniz II field in Azerbaijan to Europe. The approximately 870 km long pipeline will connect with the Trans Anatolian Pipeline (TANAP) near 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 a year later.

TAP’s shareholding is comprised of BP (20%), SOCAR (20%), Statoil (20%), Fluxys (16%), Total (10%), E.ON (9%) and Axpo (5%).

Media enquiries: media@tap-ag.com

More about TAP: www.tap-ag.com | www.twitter.com/tap_pipeline