BP, as a shareholder, welcomes the announcement of Trans Adriatic Pipeline made on October 12 on the successful completion of long time efforts of Azerbaijan along with the other involved Governments, the European Commission, public and private sector stakeholders, and international financial institutions to develop, construct and connect European transportation components of the Southern Gas Corridor project, Report informs, citing BP-Azerbaijan's statement on TAP.
The commissioning of TAP and the interconnecting pipeline built by Snam Rete Gas, expected to be ready in November this year, will allow the Shah Deniz Consortium to finalize the final steps required to start the twenty-five years long supplies of natural gas from Azerbaijan to customers in Italy, Greece, and Bulgaria as planned by the end of 2020.
The statement said that together with SOCAR, we are proud to be the shareholders of all transportation components of the almost 3500 km long Southern Gas Corridor value chain, enabling the Republic of Azerbaijan to make further contributions to the strengthening of the energy security of Georgia, Turkey, and European countries by providing an alternative source of energy via a brand new gas transmission system.