By 22 June 2020, Trans Adriatic Pipeline AG (TAP) intends to publish on its corporate website an Invitation to Tender (ITT) outline for the purchase of gas required for operational activities, including the fuelling of the compressor stations. This tender is carried out in preparation for the start of the commercial operations phase, scheduled for the fourth quarter of 2020.
The ITT outline will set out the terms of the tender process to which each bidder shall be deemed to have agreed to by their participation. A pro-forma Expression of Interest (EoI) will also be available on TAP’s website so that qualifying parties can register their interest in receiving the full ITT package.
A high-level overview of the tender process is set out below:
- Supply period: from the start of TAP commercial operations until 30th September 2021.
- Delivery points: the Interconnection Point of Melendugno (through virtual flow), and the TAP Virtual Trading Point (VTP), accessible for TAP shippers owning forward firm transportation capacity for the relevant period.
Read the article online at: https://www.worldpipelines.com/project-news/17062020/tap-to-launch-invitation-to-tender-for-purchase-of-operations-phase-gas/