BAKU, Azerbaijan, March 10
By Leman Zeynalova - Trend:
The Trans Adriatic Pipeline (TAP) can meet 12 percent of Italy’s demand for gas in short term with its current capacity of 10 billion cubic meters per year, Luca Schieppati, TAP Managing Director told Italian media, Trend reports.
He noted that currently, more than 8 billion cubic meters per year is delivered to Italy, which covers 10 percent of the country’s demand.
“Market test is underway for expanding TAP’s capacity. We can expand the pipeline’s capacity to 20 billion cubic meters per year without laying additional pipes,” added Schieppati.
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.
As a key part of the Southern Gas Corridor, 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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