BAKU, Azerbaijan, April 20. Trans Adriatic Pipeline (TAP) puts Greece in much stronger position than it would has been otherwise, said CEO of DESFA, Maria Rita Galli, Trend reports with reference to Greek media.
“Greece has made a large investment in recent years with the aim of increasing the resilience of the National Natural Gas System, through the expansion of Revythousa in 2019, and through the interconnection with the Trans-Adriatic Natural Gas Pipeline (TAP) a few years ago. And that puts us, of course, in a much stronger position than we would have been otherwise. We are working tirelessly not only to maintain and guarantee the capacity of the terminal at 100%, but also to strengthen -as expected- its capacity to accept more ships, as well as to expand its capacity to refuel and serve needs of the market,” she said during a visit to the facilities of the Liquefied Natural Gas (LNG) terminal on Revythousa island.
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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