BAKU, Azerbaijan, October 25. The Trans Adriatic Pipeline (TAP) consortium continues to work on a potential expansion of its infrastructure, with different scenarios that could increase capacity by up to 20 bcm per year, Spanish Enagas, one of the TAP shareholders, said, Trend reports October 25.
Enagas said in its latest report that the binding phase of the market test is expected to be launched by the end of 2022.
“On October 1, the Interconnector Greece-Bulgaria was launched, connecting TAP to Bulgaria’s gas network, with a natural gas transmission capacity of up to 3 bcm,” the report says.
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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