The Trans Adriatic Pipeline (TAP) is ready for Azerbaijani gas's commercial supplies to Europe, the TAP AG consortium said, Interfax reports.
The TAP AG consortium announced the completion of this gas pipeline's construction on October 13, 2020.
“BP, as a TAP shareholder, is very pleased with the completion of this important project. This suggests that the Phase-2 projects of the Shah Deniz field development and the Southern Gas Corridor have been fully implemented. These projects will change the energy map of the Caspian region for the first time, linking its gas reserves with Europe. After completing the last part of the SGC, this huge export system is fully integrated and ready to supply gas to Europe. This will allow us to start delivering the first gas from Azerbaijan to Europe by the end of this year and thereby achieve the main goal declared from the start of the project,” the company said.
The total length of TAP is 878 km, of which 550 km will pass through the northern part of Greece, 215 km – through Albania, 105 km – through the Adriatic Sea, and 8 km – through Italy. TAP is the final component of the SGC project.
The gas pipeline is designed to transport 10 billion cubic meters of natural gas per year from the Shah Deniz field as part of the Phase-2 of its development through Greece and Albania to Western Europe. The gas pipeline's throughput capacity makes it possible to double its capacity, up to 20 billion cubic meters per year.
Co-owners of the project: SOCAR (20%), BP (20%), Snam (20%), Fluxys (19%), Enagas (16%) and Axpo (5%).
The project cost is estimated at €4.5 billion.
Earlier it was reported that Turkey was drilling the second well in the Black Sea.