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TIRANA (Albania), December 7 (SeeNews) - The Trans Adriatic Pipeline (TAP) consortium said it has completed nearly 2/3 of the pipe trenching works along the Southern Gas Corridor project in Albania and Greece.
TAP has completed the trenching of around 507 km of the 765 km-long route of the pipeline in Greece and Albania, the consortium said in a Twitter post on Wednesday.
TAP announced last month that that 460 km of pipes had already been laid in Albania and Greece, or 60% of the total length of the pipeline.
The Southern Gas Corridor consists of the South Caucasus Pipeline (SCP), which crosses Azerbaijan and Georgia, the Trans-Anatolian Pipeline (TANAP), and TAP, which is projected to start from the Greek border with Turkey, run through Albania and the Adriatic Sea to reach Italy's coast.
The total investment of the consortium in Albania will stand at 400 million euro ($472 million) in each of 2017 and 2018, Albanian media quoted former TAP Albania country manager, Shkelqim Bozgo, as saying in August.
The present TAP shareholders are BP, Azerbaijan’s state company Socar and Italy’s Snam with 20% each, Belgium’s Fluxys with 19%, Spain’s Enagas with 16% and Swiss-based Axpo with 5%.
($ = 0.86062 euro)