Trans Adriatic Pipeline (TAP), which envisages transportation of Azerbaijani gas to Europe, will meet 40 percent of Bulgaria’s demand, Ulrike Andres, Commercial and External Affairs Director at TAP said at European Gas Conference in Vienna.
“TAP and the Southern Gas Corridor are a key step towards energy security, diversification and decarbonization,” she said adding that 10 billion cubic meters of gas to be transported via TAP will meet 40 percent of Bulgaria’s, 1/3 of #Greece’s demand and around 12 percent of Italy’s demand.
Andres pointed out that TAP enables the introduction of a cleaner energy source, especially in Southeast Europe, which is overly reliant on coal.
TAP will contribute to reducing CO2 emissions and achieving environment targets, she added. TAP is a part of the Southern Gas Corridor which is one of the priority energy projects for the EU.
TAP’s shareholders are: BP (20 percent), State Oil Company of Azerbaijan (20 percent), Snam (20 percent), Fluxys (19 percent), Enagas (16 percent) and Axpo (5 percent).
Gas deliveries through TAP are planned for 2020. Greece and Bulgaria will receive 1 bcm of gas and Italy will receive 8 bcm.