BAKU, Azerbaijan, Jan.19
By Leman Zeynalova – Trend:
The Trans Adriatic Pipeline (TAP) has contributed to the increase in gas flows from Turkey to Greece in 2021, Trend reports with reference to Oxford Institute of Energy Studies (OIES).
“2021 saw new supply to South-Eastern Europe via the Trans-Adriatic Pipeline. As a result, flows from Turkey to Greece rose from an average of 0.7 bcma in 2017-2020 to 8.5 bcm in 2021. There was some upside in pipeline imports from non-Russian sources, as imports from North Africa grew from 25 bcm to 38 bcm between 2020 and 2021, thus returning to levels seen in 2017 and 2018. However, this upside is limited by the end of the Algerian transit contract with Morocco for deliveries to Spain.,” reads the OIES report.
As with imports from Algeria, OIES notes that the prospects for further growth in 2022 remain limited.
“Finally, imports from Norway in 2021 (124 bcm) were slightly higher than in 2019 and 2020 and slightly lower than 2017 and 2018.7 Growth in Norwegian production and exports in 2022-2025 is forecast to be modest,” the report says.
A total of 8.1 billion standard cubic meters of gas was transported via TAP from December 31, 2020 to December 31, 2021. TAP supplied 6.8 billion cubic meters to Italy and 1.2 billion cubic meters to Greece and Bulgaria.
As the European section of the Southern Gas Corridor, TAP has the capacity to transport approximately 10 billion cubic meters of gas per annum (bcm/a) to several markets in Europe. The pipeline is also designed with the potential to expand its throughput capacity up to 20 bcm/a.
TAP is strategically and economically important to Europe and essential in providing reliable access to a new source of natural gas. TAP plays a significant role in boosting Europe’s energy security, supply diversification, as well as decarbonisation objectives.
TAP’s shareholding is comprised of bp (20 percent), SOCAR (20 percent), Snam (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).
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