This clears the way for the drafting of the National Sectorial Plan for the TAP Project. The drafting of this document will be led by the Ministry of Economy, Trade and Energy. Upon obtaining this status, the 500 meter wide corridor of the TAP project is declared a “national area”.
Kjetil Tungland, Managing Director of TAP, said: “I am delighted that TAP has been recognised as a project of national importance for Albania. This is a great honour and I would like to thank the National Council and the Prime Minister himself for granting TAP such an important status. We will continue to work closely together with the Albanian government to realise TAP, a project that will facilitate the connection of Albania to Europe’s energy network.”
TAP will be one of the largest foreign investments in Albania to date worth approximately 1 billion Euros. During construction of the pipeline, TAP will bring employment to the country - in construction, transport and communications, manufacturing and utilities, trade, financial and business services, as well as it will contribute to the development of key infrastructure in the country such as roads. TAP will also provide opportunities for Albania to develop a domestic gas market and connections to regional gas networks.
The Trans Adriatic Pipeline (TAP) is a natural gas pipeline project. The pipeline will transport gas from the Shah Deniz field in Azerbaijan via Greece and Albania and across the Adriatic Sea to southern Italy and further into western Europe. The project is aimed at enhancing security of supply as well as diversification of gas supplies for the European markets. TAP will open a new so-called Southern Gas Corridor to Europe and establish a new market outlet for natural gas from the Caspian Sea.
The project is designed to expand transportation capacity from 10 to 20 bcm per year. TAP also envisages physical reverse flow of up to 80 per cent and the option to develop natural gas storage facilities in Albania to further ensure security of supply during any operational interruption of gas deliveries.
TAP is waiting to be selected as the preferred gas transportation solution by Shah Deniz Consortium in Azerbaijan in 2013. Once the final investment decision on the pipeline is made and all necessary approvals received, TAP will start the construction of the pipeline (expected in 2015).
TAP’s shareholders are Axpo of Switzerland (42.5%), Norway’s Statoil (42.5%) and E.ON Ruhrgas of Germany (15%).
TAP in Albania
TAP’s route in Albania was identified during extensive pipeline route refinement studies in 2009-2012. In particular, special consideration was given to the avoidance of sensitive natural habitats.
TAP pipeline in Albania will be about 209 km long onshore and 60 km offshore in the Albanian section of the Adriatic Sea.
TAP will be one of the largest foreign direct investments in Albania and it will help to develop the country’s energy infrastructure and thereby foster economic growth by creating employment and developing local skills.
For media enquiries: firstname.lastname@example.org
More about TAP in Albanian: www.tap-ag.com/al