Severe weather in Europe highlights urgent importance of finding a solution to bring Caspian gas to SEE
Statement by Kjetil Tungland, Managing Director, Trans Adriatic Pipeline, on the current gas supply shortfalls in Europe:
"The extreme cold weather that Europe is presently facing has boosted gas demand, putting energy supplies under strain. In the past couple of days Russian gas supplies to Europe have fallen sharply, due to increase of own demand. In Italy, gas flows were reduced by 20% compared with normal levels.
This highlights the urgent importance of finding a solution to bring Caspian gas to South Eastern Europe, the region that needs it the most. I am hopeful that in the years to come, the proposed Trans Adriatic Pipeline will be able to deliver this in a cost effective and technically robust manner."