Deutsche Welle: TAP pipeline offers Europe new gas supply

As of 2020, Europe will receive natural gas from the Caspian Sea through the Trans-Adriatic-Pipeline. After some initial difficulties, the project is beginning to take shape. And it will bypass Russia.

The Trans-Adriatic-Pipeline (TAP) is to deliver natural gas from the Caspian Sea in Azerbaijan - via Georgia, Turkey, northern Greece and Albania - to southern Italy to feed into the European gas network.

The financing of the southern European gas pipeline seemed initially to be on shaky foundations, after the German energy giant E.ON and French firmTotal signaled their intention to withdraw from TAP in February - and then did so at the end of September. But now another investor has emerged - Enagás, one of Spain's biggest gas suppliers, will take over most of E.ON's shares. TAP's biggest shareholders remain the British energy giant BP, the Norwegian Statoil, and the Azerbaijan's state-owned energy company, Socar, who each own a 20-percent stake.
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