Ian Bradshaw, Managing Director at TAP, said: “TAP and TANAP have enjoyed very close collaboration over the past three years. Now that both projects have entered their construction phases, the ACC specifies the exact terms for connecting the two projects. This is an important milestone for our project’s progress; the agreement will contribute to ensuring that the infrastructure for transporting Caspian gas will be ready in line with the Shah Deniz II schedule.”
Saltuk Duzyol, CEO at TANAP, said: “TANAP will be a crucial addition to both Turkey’s and Europe’s energy security. Moreover the project’s international nature will contribute stability and cooperation in its region.”
In November 2012, the TAP and TANAP signed a Memorandum of Understanding and Cooperation (MoU press release) which established a technical and commercial cooperation between the two parties and formalised a mutual framework and forum for coordinated activities and exchanges of information.
The TAP and TANAP projects will connect near Kipoi, on the border of Turkey and Greece.
About the Trans Adriatic Pipeline (TAP)
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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