TAP and Geoplin plinovodi sign MOUC in support of security of supply in SEE
The Trans Adriatic Pipeline AG and the Slovenian transmission system operator Geoplin plinovodi d.o.o. have signed a Memorandum of Understanding and Cooperation (MOUC) to support the development of natural gas markets in South East Europe (SEE) and to enhance security of supply in this region.
Baar, Switzerland. TAP further expands its efforts to enhance security of supply and diversification of gas resources in the SEE region by entering into another Memorandum of Understanding and Cooperation (MOUC) with Slovenian TSO Geoplin plinovodi. This is the latest in a series of strategic initiatives led by TAP in 2011. Earlier this year TAP concluded similar MOUCs with Croatian TSO Plinacro Ltd, Bosnia TSO BH-Gas, and the governments of Montenegro and Albania, all of which support the Ionian Adriatic Pipeline (IAP) project.
The TAP consortium, comprised of European energy leaders Statoil, E.ON Ruhrgas and EGL, is proposing to construct a natural gas pipeline via Greece, Albania and Italy to bring Caspian gas to Europe. TAP has entered into individual cooperation agreements with the parties supporting IAP, which is a planned pipeline that will transport natural gas across the territories of Croatia, Albania, Montenegro and Bosnia and Herzegovina. IAP proposes to connect to the TAP project at a point near Fier, Albania.
Given the proximity of the IAP route to Slovenia, the MOUC between TAP and Geoplin plinovodi provides the Slovenian TSO the potential to access new natural gas supplies from the Caspian region via a new transport route. Furthermore, this initiative supports the development of the gas market in Slovenia and the wider SEE region by bringing gas supplies to meet their growing demand.
Under the terms of the MOUC, Geoplin plinovodi will participate in the TAP-IAP working group. This group evaluates areas of potential cooperation, ranging from the alignment of overall schedules and sharing of best practice, to facilitating the mutual understanding of each project’s technical requirements. This will include capacity needs, new construction and upgrades of existing infrastructure, the coordination of maintenance, and environmental and social impact assessments.
Gunnar Myreboe, Operations & Country Manager Director of the Trans Adriatic Pipeline project, said: “We welcome this MOUC with Geoplin plinovodi and see it as an illustration of the impact that TAP has on the broader SEE region. We, at TAP, continue to be impressed by the initiatives and the demonstrated cooperation of the SEE TSOs and governments to further develop and integrate these growth markets.”
Marjan Eberlinc, CEO of Geoplin plinovodi d.o.o., said: “The signing of an MOUC between Geoplin plinovodi d.o.o. and TAP AG continuously follows the initiatives and plans for the development of security of supply and the gas sector in the wider SEE region. We believe that the Slovenian transmission system could play an integral role in the future development of this gas market.”
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About Trans Adriatic Pipeline (TAP)
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 transportation solution will be approximately 800 kilometres in length (Approx.: Greece 466 km; Albania 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.
TAP’s shareholders are EGL of Switzerland (42.5%), Norway’s Statoil (42.5%) and E.ON Ruhrgas of Germany (15%). TAP has its headquarters in Baar, Switzerland and branch offices in Athens, Rome, Tirana.
About Geoplin plinovodi d.o.o.
Geoplin plinovodi d.o.o. is a company managing the natural gas transmission network. The main operational goal and activity of the company Geoplin plinovodi d.o.o. is provision of long-term, reliable, high quality, price competitive and environmentally acceptable transmission of natural gas.
Large industrial users and distributers, which provide natural gas to 41 municipalities with a population of almost 1 million inhabitants, are connected to Geoplin plinovodi network. The annual supply of all users of the transmission network exceeds 1 billion cubic metres. The transport of natural gas is executed reliably and without interruptions since the company Geoplin plinovodi ensures 24-hour supervision and monitoring of the rate of flow of natural gas in the gas network.
The activities of the company are:
• transmission of natural gas through the Slovenian gas network,
• planning and development of the gas network,
• calibration and service of gas meters and correctors,
• education of those working in the energy industry.
The company Geoplin plinovodi d.o.o. will continue to provide quality and reliable transmission of natural gas to all areas of Slovenia, where the use and supply of natural gas will be economically justified, also in the future.
More about Geoplin plinovodi d.o.o.: http://www.geoplin-plinovodi.si/en/
About Ionian Adriatic Pipeline (IAP)
The IAP project intends to connect the existing and the planned gas transmission systems of the Republic of Croatia, via Montenegro, and Albania with the TAP system (Trans Adriatic Pipeline).
The pipeline will cross the territory along the Adriatic coast from Fieri in Albania to Split in Croatia. The total gas pipe-line length from Split (Croatia) to Fier (Albania) is planned at about 516 km. Its 5 bcm/y capacity will provide the natural gas supply for Albania, Montenegro, Bosnia and Herzegovina, and Croatia.
The Ionian Adriatic Pipeline project supports opening of the new energy corridor for the South East European region and connecting it to the new natural gas supplies from the Middle East and the Caspian region. The Ionian-Adriatic Pipeline will be bi-directional, i.e. it will provide SEE region with natural gas also from other sources such as the future LNG Terminal on the island of Krk.