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TAP commits funds to support health services

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World Pipelines,

At TAP, health and safety come first. It is also TAP’s commitment to contribute to improving the livelihoods and quality of life of communities along TAP’s route, across its three host countries. To that effect, Trans Adriatic Pipeline AG will provide a total of €1.5 million to support the fight of the health services in Greece, Albania and Italy against the COVID-19 pandemic.

Luca Schieppati, TAP Managing Director, said: “The COVID-19 and its impacts are a challenging reality for all. We at TAP are closely monitoring developments and doing our part to help prevent the further spread of the virus, by following the latest guidance of public health authorities and implementing a wide range of measures. At the same time, we are also trying to support the needs of our host communities.”

“TAP has been working closely with health authorities in all our host countries, in order to support relief efforts. We are humbled to play a small part and assist in the fight against COVID-19, by providing, with the full support of our shareholders, €1.5 million; €500 000 for each host country. This amount will support the supply of special hospital equipment, personal protective equipment and medicines, according to the needs of health authorities,” Schieppati added.

TAP would like to express its immense gratitude to all women and men working in healthcare and emergency services, as well as the company’s hope that its contribution will assist their daily battle against the pandemic.

On TAP’s part, it will continue to monitor the evolution of COVID-19 closely, following the guidance of competent authorities at international and national levels, always placing the highest priority on health and safety.

About the Trans Adriatic Pipeline (TAP)

TAP will transport natural gas from the giant Shah Deniz II field in the Azerbaijani sector of the Caspian Sea to Europe. The 878 km long pipeline connects with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border in Kipoi, crosses Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy.

First gas deliveries to Europe via TAP will start by the end of 2020.

TAP’s routing can facilitate gas supply to several South Eastern European countries. TAP’s landfall in Italy provides multiple opportunities for further transport of Caspian gas to the wider European markets.

TAP promotes economic development and job creation along the pipeline route; it is also a major source of foreign direct investment.

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

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