Trans Adriatic Pipeline AG (TAP AG), the project company for the Trans Adriatic Pipeline, also known as TAP, on June 13, 2008 filed a petition with the Greek Regulatory Authority for Energy, RAE, for the design, construction, and ownership of an Independent Natural Gas System in line with Greek legislation on the liberalisation of the natural gas market.

Norway’s StatoilHydro ASA and Swiss-based EGL Group concluded the final agreements leading to the establishment of their equally-owned joint venture company that will develop, build and own the Trans Adriatic Pipeline (TAP). The pipeline will carry natural gas from the Caspian Sea and Middle East regions into Europe.

StatoilHydro ASA and Swiss EGL Group will today sign an agreement to establish an equally-owned joint venture to develop, build and operate the Trans Adriatic Pipeline (TAP). The pipeline will open a new corridor and market outlet for natural gas from the Caspian Sea and Middle East regions into Europe.