Italian PM: "TAP is one of the greatest achievements of my

23 November 2024

Italian PM: "TAP is one of the greatest achievements of my government"

22:50 04 May 2015 Read: 997

Italian PM: "TAP is one of the greatest achievements of my government"

"The implementation of the Trans-Adriatic Pipeline (TAP) project is one of the greatest achievements of my government", Italian Prime Minister Matteo Renzi said at the Milan Stock Exchange.

“TAP, which is designed to transport Azerbaijani gas to Europe, is one of the greatest achievements of my government”, said the Prime Minister.

TAP project is designed to transport natural gas from the Shah Deniz field in the "Stage 2" through Greece and Albania to Western Europe. Capacity of the pipeline is 10 bn cubic meters per year, expandable to 20 bn cubic meters, depending on the demand. Azerbaijani gas supply to TAP is expected in 2019.

TAP’s shareholding is comprised of BP (20%), SOCAR (20%), Statoil (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).

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