BAKU, Azerbaijan, Nov.4
By Leman Zeynalova – Trend:
DESFA, Greece’s National Natural Gas System, announced the first auction for natural gas for 2021 at the new interconnection point of the National Natural Gas System with that TAP pipeline, Trend reports citing the Hellenic Gas Transmission System Operator (DESFA).
DESFA said it was an historic moment both for the Greek and the regional energy market, as the National Natural Gas System will be interconnected with one of the biggest natural gas markets in Europe, that of Italy, which it is also interconnected with Northern Europe through Switzerland and Germany, upgrading the country’s role as a regional energy hub. Soon, both Greece and the wider Southeast European region will be interconnected with the TANAP pipeline and the Italian natural gas market.
TAP project, worth 4.5 billion euros, is one of the priority energy projects for the European Union (EU). The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries.
TAP will offer a direct and cost-effective transportation route opening up the vital Southern Gas Corridor, a 3,500-kilometer long gas value chain stretching from the Caspian Sea to Europe.
TAP shareholders include BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).
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