BAKU, Azerbaijan, October 25. The Trans Adriatic Pipeline (TAP) is making a significant contribution to the guarantee and security of supply in Greece and Italy, helping to replace lower imports of Russian gas, Spanish Enagas, one of the TAP shareholders, said, Trend reports October 25.
“With 98 percent average utilization and 100 percent availability, TAP has delivered 7.9 bcm of natural gas in Europe up to September 30: 7 bcm in Italy (around 15 percent country demand) and 0.9 bcm in Greece (about 20 percent country demand),” Enagas said in a report on Q3 2022 results.
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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