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Dec 15, 2017 15:46 EEST
December 15 (SeeNews) - The Trans Adriatic Pipeline (TAP) consortium said it has lowered in and back-filled over 62% of pipes along the Southern Gas Corridor project in Albania and Greece.
Around 475 km out of 765 km of pipes had already been laid in Albania and Greece, the consortium said in a Twitter post on Thursday.
TAP announced later this month that it has completed nearly two-thirds of the pipe trenching works in Albania and Greece.
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%.
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