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TAP and DESFA sign cooperation agreement

03 luglio 2013

Athens, Greece: The Trans Adriatic Pipeline (TAP) has signed a Cooperation Agreement with Greek natural gas transmission system operator, DESFA. Specifically TAP and DESFA plan to enter into an agreement on day-to-day technical operation and maintenance for the Greek section of the TAP pipeline. Other joint activities will include the review of interconnection points with the DESFA pipeline system to further enhance security of supply and technical cooperation.

The agreement follows the announcement on the 28 June that TAP has been chosen by the Shah Deniz Consortium in Azerbaijan as the best pipeline route to export Azerbaijani gas to Europe. 
 
Commenting on the announcement Rikard Scoufias, TAP’s Country Manager in Greece, said: “Having been chosen by the Shah Deniz Consortium as the best option to transport gas to Europe, the Project now moves into the next phase of execution. We already collaborate with many local Greek companies and aspire to increase this engagement. This agreement, which comes after more than 9 months of constructive engagement with DESFA, constitutes a major step towards successful realisation of TAP’s plans in Greece.“
 
Commenting on the announcement Lutz Landwehr, TAP’s Commercial Director, said: “I am very pleased with this collaboration with DESFA. We recognise their long-standing operational expertise in Greece, and both our organisations share views on the importance of developing the gas markets across the Eastern and Western Balkans.”
 
The longest section of the TAP pipeline will be in Greece. The Greek section of the pipeline will start at Kipoi at the Turkish-Greek border, and will cover some 550km entering Albania northwest of Dipotamia. As such, the project will support Greece’s ambition of becoming an important "Energy Highway." Furthermore, the planned interconnection points and reverse flow capability of TAP will also support security of supply for other countries in the region.


ENDS

About the Trans Adriatic Pipeline (TAP)

TAP will transport natural gas from the giant Shah Deniz II field in Azerbaijan to the most attractive markets in Europe.

The pipeline will connect with the Trans Anatolian Pipeline (TANAP) near the Turkish-Greek border at Kipoi, cross Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy.

TAP’s routing can facilitate gas supply to several South Eastern European countries, including Bulgaria, Albania, Bosnia and Herzegovina, Montenegro, Croatia and others. TAP’s landfall in Italy, the third largest gas market in Europe, provides multiple opportunities for further transport of Caspian natural gas to some of the largest European markets such as Germany, France, the UK, Switzerland and Austria.

Designed to expand the capacity from 10 to 20 bcm per year, TAP will open up the so-called Southern Gas Corridor, enhancing Europe's energy security by providing a new source of gas.

TAP’s shareholders are Axpo of Switzerland (42.5%), Norway’s Statoil (42.5%) and E.ON of Germany (15%). Shah Deniz Consortium members – BP, SOCAR and Total – also have the option to join the project.
About DESFA: DESFA (subsidiary of DEPA, public natural gas supply corporation of Greece) is a natural gas transmission system operator in Greece, responsible for operation and maintenance of the Greek Natural Gas Transmission System.

Media enquiries: media@tap-ag.com