- By country
- By industry
- By topic
- Top 100
TIRANA (Albania), January 10 (SeeNews) – The Trans Adriatic Pipeline (TAP) consortium said on Wednesday 50% of the pipeline route along the Southern Gas Corridor project in Albania and Greece is being restored to its original condition or better.
"Another milestone reached," the consortium said in a Twitter post, announcing that around 380 km out of 765 km of the pipeline route in Albania and Greece is being restored.
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.
TAP plans to start full-scale operation of the pipeline in 2020, according to information posted in the consortium’s website.
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%