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TAP Certified as Independent Transmission Operator (ITO)

29 April 2016

 

Baar, Switzerland. The national regulatory authorities of Albania (ERE), Greece (RAE) and Italy (AEEGSI) certified Trans Adriatic Pipeline (TAP) AG on the basis of the independent transmission operator (ITO) model, part of the European Union's Third Energy Package. 

The final decision on the certification of TAP [link] takes in consideration the opinions issued by the European Commission and the Energy Community Secretariat earlier in 2016.

Ian Bradshaw, Managing Director at TAP, said: “I am very pleased with the overall progress of the TAP project. In addition to awarding our main strategic contracts and the arrival of the first line pipes in Albania, the ITO certification is another important milestone, enabling us to continue the project execution as planned. I would like to thank the three National Regulatory Authorities, the European Commission and the Energy Community Secretariat for their excellent cooperation throughout this process.”

In 2013, TAP secured an exemption from certain provisions of the EU Gas Directive (2009/73/EC), including an exemption for ownership unbundling for a period of 25 years (press release).

 

ENDS

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%), Snam S.p.A. (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).

Media enquiries: media@tap-ag.com

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