TAP transports 50 billion cubic meters of gas to Europe - Historic moment for the pipeline, increasing the continent's energy security
The Trans Adriatic Pipeline (TAP) has transported 50 billion cubic meters of natural gas to Europe since the start of commercial operations around 5 years ago. This significant achievement underlines TAP’s role in ensuring a reliable and diversified gas supply to Europe, while increasing competitiveness and contributing to decarbonisation efforts across South-Eastern Europe. TAP, as the European segment of the Southern Gas Corridor, brings natural gas from Azerbaijan to European markets. Since the start of commercial operations in late 2020, TAP has supplied Italy with around 41.7 billion cubic meters of gas, Greece with 4.8 billion and Bulgaria with over 3.2 billion cubic meters of gas.
TAP Managing Director Luca Schieppati stated that “reaching 50 billion cubic meters is more than a historic milestone, it is a clear demonstration of TAP’s strategic role in strengthening Europe’s energy security and supporting climate objectives.” “TAP has helped diversify South-Eastern Europe’s energy supply and reduce its dependence on heavier fossil fuels,” added Schieppati.
TAP has provided uninterrupted gas supply for more than four and a half years. Meanwhile, since the beginning of 2022, to address growing European demand, TAP has transported volumes beyond the nominal capacity of the pipeline. The company also announces that it is ready to further increase capacity in response to growing market demand.
TAP transports natural gas from the giant Shah Deniz field in Azerbaijan to Europe, and the 877 km pipeline connects to the Trans Anatolian Pipeline (TANAP) at the Turkey-Greece border, passes through Northern Greece, Albania and the Adriatic Sea, before reaching the coast of Southern Italy. TAP’s exit points in Greece and Albania offer numerous opportunities for onward transport of natural gas from Azerbaijan to new European markets.
As a key part of the Southern Gas Corridor, TAP is strategically and economically important for Europe and essential in providing reliable access to a new source of natural gas. TAP's shareholders are: BP with (20%), SOCAR (20%), Snam (20%), Fluxys (20%) and Enagás (20%).
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