Trans-Adriatic Pipeline (TAP) AG has announced that it has won a pipeline contract to supply gas from the Shah Deniz 2 gas field in Azerbaijan to Europe
TAP AG is now expected to provide 10bn cubic metres of gas to Europe per annum via an 800km line partly running subsea.
Kjetil Tungland, managing director of TAP, said, “This is an important step in opening up the Southern Gas Corridor and it will have a major role to play in Europe’s energy security and ensuring the diversification of gas supplies to western and south eastern European markets.”
The decision now opens the way for a final investment decision by October this year on the US$28bn Shah Deniz 2 field development.
The shareholders in project comprise of Axpo Switzerland and Norway’s Statoil with 42.5 per cent interest each and Germany’s E.ON with 15 per cent stake.
