TransAdriatic Pipeline construction begins in Albania

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The official event dedicated to starting the construction of TAP in Albania was held near the city of Fier. The ceremony was attended by the Prime Minister of Albania Edi Rama, Minister of Energy and Industry Damian Gjiknuri, and CEO of TAP Ian Bradshaw.

Edi Rama and Damian Gjiknuri stressed the importance of this project for Albania. It was noted that TAP is one of the largest foreign investments, it has a positive impact on the development of the energy sector in Albania, and helps to stimulate further foreign investments.

TAP project is part of the Southern Gas Corridor of the overall length of 3,500 kilometers. The gas extracted from the deposit Shahdeniz-2 in the Azerbaijani sector of the Caspian Sea will be transported through TAP to Turkey, and from there further to Europe. The project TAP is a continuation of the South Caucasus Pipeline and TANAP.

This project creates a great opportunity for the transportation of Azerbaijani gas to major European markets, such as Italy, Germany, France, Great Britain, Switzerland, and Austria. In the first phase, the pumping capacity of the pipeline will be 10 billion cubic meters per year, and it is planned to increase this figure to 20 billion cubic meters.

The pipeline is 871 kilometres long (547 kilometres in Greece, 211 kilometres in Albania, 105 kilometres in Adriatic Sea, and 8 kilometres in Italy), its diameter of 48 inches (with underwater part of 36 inches).

Shareholders of TAP are BP (20% of the capital), SOCAR (20%), Snam S.p.A (20%), Fluxys (19%), Enagás (16%), and Axpo (5%).

Source: baltic-course.com