Advertisement

TAP first in Southern Corridor, group says

ISTANBUL, Turkey, Oct. 5 (UPI) -- The Trans Adriatic natural gas pipeline will be the first phase opening in Europe's Southern Corridor of gas networks, developers announced in Istanbul.

Swiss energy company EGL, Norwegian oil and gas company Statoil and Germany's E.ON Ruhrgas lead the project consortium for the Trans Adriatic Pipeline, part of the so-called Southern Corridor of transit networks that includes the Nabucco gas pipeline.

Advertisement

The pipeline would stretch some 323 miles through Greece and Albania to southern Italy. The consortium members said the project is the most cost-effective option to transport gas to the European market out of any of the projects in the Southern Corridor.

Consortium members in a September statement said the pipeline would get the bulk of its natural gas from the second phase of the Shah Deniz gas field in Azerbaijan.

Kjetil Tungland, managing director of the project, said the pipeline would be the first step in building the Southern Corridor.

"I am convinced that TAP is the best option to fit the availability of gas in the Caspian today and will be the first phase in opening up the Southern Gas corridor," he said in a statement.

Advertisement

TAP, he added, would be the shortest route in the gas network and move more than 350 billion cubic feet of gas from Caspian suppliers to European markets each year.

Latest Headlines