The European Commission has awarded the Trans Adriatic Pipeline (TAP) project the final payment of a grant it applied for in 2005. This is the second time the TAP project has received payment of a grant from the European Union, following the successful submission of a number of studies. The first grant for TAP was approved in 2005 for the initial Feasibility Studies of the pipeline.
Robert Klein, Managing Director for TAP responds to RWE’s press release issued on 16.11.2009, saying “TAP’s total pipeline length is 520km. In addition, TAP will use existing pipeline infrastructure to transport gas from wellhead to market. As a result and when calculated accurately, TAP’s tariff, as well as its total cost of transport, would be lower than a 3300km new build pipeline such as Nabucco.”
As reported by the Italian media on 11 November 2009, Alfredo Mantica, the Italian Under Secretary for Foreign Affairs, visited the Ministry of Petroleum & Energy in Norway on 11 November to discuss, among other things, the Southern Gas Corridor issues and pipeline projects such as the Trans Adriatic Pipeline.
The recently formed Ministry of Energy, Environment & Climate Change in Greece issued a statement to the press on 4 November 2009, announcing that the Deputy Minister for Energy, Mr. Giannis Maniatis, had met representatives of the Trans Adriatic Pipeline project. At the meeting, TAP updated Mr. Maniatis on the status and progress of the TAP project.
TAP was one of the sponsors of this major event that took place in October in Athens, Greece. In addition, the event was attended by the TAP’s Commercial Department, which is responsible for obtaining all necessary authorizations and project financing, as well as for developing the commercial terms of gas transportation for the TAP project.