Project Milestones:

• In 2003 the pre-feasibility study for TAP was conducted.
• The feasibility study for the project was concluded by Axpo's EGL in March 2006, confirming technical, economic and environmental feasibility.
• TAP's extended basic engineering, including the offshore seabed survey, and preliminary impact assessment surveys were concluded by March 2007.
• In 2008, TAP entered the front-end engineering detailed design stage (FEED).
• In February 2012 TAP was selected by Shah Deniz Consortium as the priority route to Italy.
• In June 2012, Shah Deniz partners signed a Cooperation Agreement with TAP, followed in August 2012 by a Funding and Option agreement to finance part of TAP and potentially to take up to a 50% equity stake in the project. Finally, in November 2012, TAP shareholders and the Shah Deniz partners SOCAR, BP and Total concluded the Shareholder Agreement defining how the TAP Joint Venture would be governed with members of the Shah Deniz Consortium, if TAP is selected by Shah Deniz in 2013.
• In March 2013 TAP completed the Front End Engineering Design Stage (FEED) and started pre-qualification process for producers of steel pipes and providers of construction services.
• In April 2013 TAP submitted final binding decision support package (DSP) to Shah Deniz Consortium.
• In June 2013 Shah Deniz plans to announce its final selection of the preferred transportation route for Caspian gas to Europe.
• TAP's schedule is fully aligned with developments upstream. The pipeline developers plan to begin construction in 2015 and have the first gas by 2019.