• $ 1.7
  • € 1.9722
  • ₽ 0.021656
  • ₺ 0.0401
  • £ 2.2538

TAP due to start excavation phase to connect two sections

TAP due to start excavation phase to connect two sections
18.01.2019 11:07
TAP AG, the consortium for construction of the Trans Adriatic Pipeline (TAP), will soon start excavation phase that will allow connecting the part of the gas pipeline that arrives by sea from Albania with the short stretch on land in Italy, Trend reports citing a message from the consortium.

The final part of this connection, about 1.5 kilometers long, will be realized using the micro-tunnel technology, said the message.

"The excavation will be carried out at 16 meters below the beach and therefore there will be no interference with what is happening on the surface, nor will there be any limitation of access to those areas for citizens,” the consortium said.

TAP project, worth 4.5 billion euros, is one of the priority energy projects for the European Union (EU). The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries.

Connecting with the Trans Anatolian Pipeline (TANAP) at the Greek-Turkish border, TAP will cross Northern Greece, Albania, and the Adriatic Sea before coming ashore in Southern Italy to connect to the Italian natural gas network.

The project is currently in its construction phase, which started in 2016.

Once built, TAP will offer a direct and cost-effective transportation route opening up the vital Southern Gas Corridor, a 3,500-kilometer long gas value chain stretching from the Caspian Sea to Europe.

TAP shareholders include BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).



www.anews.az
Similar news
Similar news
Azeri Light crude rises above $66
Business 18:02
Azeri Light crude rises above $66
Bir Ecosystem launches another initiative in Karabakh: new office for m10 and MilliÖn telesales services opens in Fuzuli
Business 16:57
Bir Ecosystem launches another initiative in Karabakh: new office for m10 and MilliÖn telesales services opens in Fuzuli
Dollar weakens as yuan gains strength
Business 16:30
Dollar weakens as yuan gains strength
The dollar weakens as the yuan gains strength
Business 16:00
The dollar weakens as the yuan gains strength
Birbank Savings account: your money earns profit every day
Business 15:30
Birbank Savings account: your money earns profit every day
The 8th luxury car has found its owner!
Business 14:58
The 8th luxury car has found its owner!
Celebrate the New Year with Yelo – cash loans from 9%!
Business 12:08
Celebrate the New Year with Yelo – cash loans from 9%!
Azerbaijan and Jordan sign six cooperation documents
Business 17:30
Azerbaijan and Jordan sign six cooperation documents
Nar surprises another subscriber with a Haval H6 Ultra
Business 17:11
Nar surprises another subscriber with a Haval H6 Ultra
Anews TV

Our official Youtube channel

Subscribe