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    Trend: Trans-Adriatic project: signs of strength

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Summary

Recent happenings appear to place the Trans Adriatic Pipeline in an increasing position of strength in the contest for move gas from Azerbaijan to Europe

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Press Notes

Trend: Trans-Adriatic project: signs of strength

A memorandum of understanding - an inter-state agreement has been recently signed between the Italian, Greek and Albanian governments in New York to support the Trans-Adriatic gas pipeline project (TAP). It is difficult to unequivocally answer the question why Greece, which has unconditionally supported the Russian "South Stream" project since 2008, suddenly gave a "carte blanche" to the principal competitors of the Russian project. Why has Italy also supported the competitors of the Russian project, in which the Italian ENI is one of the major shareholders?

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