TAP to organise South Eastern Europe Gas Forum in Brussels
On the 27th October TAP will be hosting the South Eastern Europe Gas Forum in Brussels with participation of Günther Oettinger, EU Energy Commissioner, representatives of SEE governments and European energy companies.
The event aims to offer a comprehensive overview of the gas market in South Eastern Europe (SEE), including commercial, political and infrastructure related aspects and to provide participants with a forum where they can openly discuss the market opportunities and challenges affecting this region. TAP will also explain the role it is prepared to play in this dynamically growing region.
We see this event as a great opportunity to discuss the growth potential of gas market in the South Eastern Europe and also as a great opportunity to network.
This Forum is free to attend, but it is by invitation only. If you are interested in attending, please send a message with your contact details to SEE-event(at)tap-ag.com
Bringing gas to South Eastern Europe: a driver for progress
Current discussions on opening the Southern Gas Corridor often overlook the South Eastern Europe region which is highly dependent on a single energy supplier. For example, Bosnia and the Former Yugoslav Republic of Macedonia rely on Russia for 100% of all domestic demand, Serbia for 88%, and Croatia 39%.
Stimulated by solid economic growth – around 5% increase of GDP a year – the South Eastern Europe (SEE) market will register an increasingly higher energy demand in the near future. The region’s collective aspiration to join the EU means that this region will also need a more environmentally balanced energy portfolio.
Five ways in which TAP can improve gas supply in the region:
1. Enhance security of supply
The recent Russia-Ukraine gas crises highlight the need for the SEE region to gain access to new and reliable gas sources. TAP offers the possibility to connect the region to the abundant supplies in the Caspian basin, by inter-connecting with the Ionian Adriatic Pipeline (IAP). Moreover, TAP’s ability to expand its capacity from 10 to 20 bcm per year means that further supply diversification will be possible once additional gas sources come on stream.
The SEE region also needs to be better prepared in the event of a disruption of gas supply. TAP can activate significant physical reverse flow capacity in the event of such an emergency. Also, TAP is exploring the possibility of de-veloping underground gas storage in Albania. If this is realised, it would enhance the reliability of gas supply to the region and provide increased flexibility to deal with supply disruptions as well as seasonal variations in energy consumption.
2. Help to develop regional energy markets
TAP can enhance the development of the gas market in South Eastern Europe by enabling the realisation of the Ionian Adriatic Pipeline, a project which has been designated by the Energy Community as a priority for the region. A pipeline aiming to connect the existing and planned gas transmission systems of Croatia, Albania, Montenegro and Bosnia and Herzegovina, through a TAP tie-in, the IAP would benefit from new and abundant gas supplies.
TAP has taken concrete steps to bring this initiative forward. Within the past year, the Trans Adriatic Pipeline has concluded Memoranda of Understanding and Cooperation (MOUCs) with the key players involved in developing the IAP project, i.e. Plinacro, BH-Gas, the Ministry of Economy of Montenegro and the Ministry of Economy, Trade and Energy of the Republic of Albania.
In addition, TAP has recently established a similar MOUC with the Slovenian transmission system operator, which could also give Slovenia the opportunity to tap into the joint TAP and IAP networks, further enhancing and integrating this regional gas market.
TAP will provide countries connected through the IAP with access to neighbouring networks in Italy and Greece, and then via these networks to additional pipeline systems in the rest of Europe. This will favour market integration in the region as well as render the markets more resilient in the event of a supply emergency.
3. Connect Albania and Montenegro to the gas grid
By connecting with IAP, the TAP project can facilitate the transport of gas to Albania and Montenegro, which currently lack a gas market. TAP will provide access to new supplies laying the bedrock for developing the necessary anchor loads and attracting investments in infrastructure – both key prerequisites to enlarge the gas markets in Albania and Montenegro
4. Provide a cleaner source of energy
Several countries in the SEE region currently rely on carbon-intensive energy sources, particularly coal and oil, to meet a significant percentage of their energy needs. Yet, gas remains the cleanest of fossil fuels, so TAP will con-tribute to improving environmental conditions in the SEE region.
5. Ensure energy security at no added cost
In spite of the challenging economic climate, TAP requires no government subsidies, no EU grants and, above all, no contributions from the host countries. The Trans Adriatic Pipeline benefits from strong shareholders and a sound private financing project, which will promote both economic development and political stability in South Eastern Europe.
"TAP is best positioned to contribute to a more secure and developed energy market in South Eastern Europe"