TAP Announces Additional Capacity at Entry Point

Trans Adriatic Pipeline AG announced additional capacity at the pipeline’s entry point on the border between Turkey and Greece, adding that there will be additional exit points available along the route.

“We are pleased with the interest for capacity expressed in this Market Test. The results show that the Trans Adriatic Pipeline can accommodate demand for capacity in full compliance with applicable regulation” Lutz Landwehr, Commercial and Finance Director at TAP, commented in a note released on Monday. 

TAP made its announcement while announcing the closure of the binding Booking Phase that had been launched in March. It also completed its Market Test. 

‘TAP’s routing can facilitate gas supply to several South Eastern European countries, including Bulgaria, Albania, Bosnia and Herzegovina, Montenegro, Croatia and others’ adds the press release.  

TAP’s shareholding is comprised of BP (20%), SOCAR (20%), Statoil (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).

Last week, TAP launched two tenders for two compressor stations, one in Greece and the second in Albania.