TAP transports first 10 billion cubic meters of natural gas to Europe

Luca Schieppati, TAP Managing Director, said: “10 billion m³ is a symbolic, but an important milestone. A little over a year after the start of commercial operations, we have provided efficient, reliable and continuous transportation services to our shippers, making an important contribution to Europe’s energy security and supply diversification. We are currently able to reach the full transport capacity of 10 billion m³/yr. On top of this, we can add further capacity via short-term auctions."

Marija Savova, TAP Head of Commercial, added: “The delivery of the first 10 billion m³ of gas to Europe enhances liquidity in the gas markets and reinforces TAP’s role as a reliable transporter that can significantly contribute to the security of supply in Europe. TAP can double its capacity and expand in stages, up to 20 billion m³ within 45 - 65 months, as a result of requests to be received during the binding phase of a market test and the accumulated requests resulting in an economically viable outcome. The next binding phase is currently scheduled for July 2023. However, TAP can accelerate this timeline and launch the binding phase of the market test during 2022, provided that TAP receives interest for an earlier start in the ongoing public consultation. We invite all interested parties to take part in the ongoing market test."

Read the article online at: https://www.worldpipelines.com/project-news/17032022/tap-transports-first-10-billion-cubic-meters-of-natural-gas-to-europe/