TAP submits Third Party Access Exemptions (TPA) in Albania, Greece & Italy
TPA will allow TAP to enter into long term ship-or-pay Gas Transportation Agreements with the shippers of Shah Deniz II gas.
Baar, Switzerland. The Trans Adriatic Pipeline (TAP) has submitted its Third Party Access Exemption (TPA) applications in all three host countries – Albania, Greece and Italy. Third Party Exemption will allow TAP AG to enter into long term ship-or-pay Gas Transportation Agreements (GTAs) with the shippers of Shah Deniz II gas.
These submissions continue TAP’s applications process to obtain all necessary permits and authorisations needed for the construction and operation of the TAP gas pipeline.
Kjetil Tungland, Managing Director of the Trans Adriatic Pipeline, commented: “The fact that TAP has applied for its TPA exemptions in all three host countries further demonstrates its continued progress and strong commitment to construct major new gas infrastructure in Europe. TAP’s realisation will be a major step forward in opening the Southern Gas Corridor, thereby diversifying supply and enhancing energy security for Europe. I am delighted that TAP is following the necessary processes in all of the three host countries. It is my firm belief that TAP is able to offer the Shah Deniz Consortium the most economic and reliable solution for the export of their gas and further demonstrates both TAP’s commitment to Greece, Italy and Albania and our strong desire to develop TAP successfully.”
The TAP project’s schedule is designed so that TAP is ready to commence pipeline operations in time for first gas exports west of Turkey (expected in 2017/18) from Shah Deniz.
The Trans Adriatic Pipeline (TAP) is a natural gas pipeline project that will transport gas from the Caspian region via Greece and Albania and across the Adriatic Sea to southern Italy and further into western Europe. The project is aimed at enhancing security of supply as well as diversification of gas supplies for the European markets. TAP will open a new so-called Southern Gas Corridor to Europe and establish a new market outlet for natural gas from the Caspian Sea and beyond.
The project is designed to expand transportation capacity from 10 to 20 bcm per year. TAP also envisages physical reverse flow of up to 80 per cent and the option to develop natural gas storage facilities in Albania to further ensure security of supply.
TAP’s shareholders are EGL of Switzerland (42.5%), Norway’s Statoil (42.5%) and E.ON Ruhrgas of Germany (15%).
TAP’s transportation solution will be approximately 800 kilometres in length (Approx.: Greece 466 km; Alba-nia 204 km; offshore Adriatic Sea 110 km; Italy 4 km). Transport will begin near the Greek-Turkish border (Komotini), cross Albania and the Adriatic Sea, and connect with the Italian natural gas distribution system near San Foca in Italy.
For further information, please contact TAP’s Communications department
Lisa Givert, Head of Communications: +41 41 747 3451, lisa.givert(at)tap-ag.com