Trans Adriatic Pipeline (TAP), which transports natural gas from Azerbaijan to Europe, has been named the winner in the “Gas, LNG, or Hydrogen Project of the Year” category at the Gastech Awards 2021 ceremony, which took place in Dubai, on September 20, Report informs, citing TAP AG consortium.
Luca Schieppati, TAP Managing Director, said: “We are thrilled to receive this important award and I would like to wholeheartedly thank our shareholders and teams, our contractors and suppliers, and everyone else involved in the project for their dedication and contribution to the successful completion, on time and on budget and with a world-class safety track record. I also want to thank the authorities in our host countries and at European level for their support during the project development and construction.”
“We went the extra mile in making TAP a reality and becoming a reliable and sustainable TSO. This award underlines, once again, our commitment to safety, excellence and best practice when it comes to planning and implementing the project, cooperation with partners and stakeholders, social and environmental investments and delivering the project on target. This resulted in supplying Europe with a new source of energy, which will contribute to the sustainable transition for years to come,” Schieppati added.
The annual Gastech Awards – organised on the eve of the global Gastech conference – celebrate outstanding achievements of organisations and individuals in the gas sector.
TAP transports natural gas from the giant Shah Deniz field in the Azerbaijan 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.
TAP will facilitate gas supplies to South Eastern European countries through prospective interconnectors. In particular, Bulgaria will be able to cover up to 33% of its total gas demand through TAP after the completion of the Interconnector Greece Bulgaria (IGB). TAP’s exits in Greece and Albania together with the landfall in Italy provide multiple opportunities for further transport of gas from Azerbaijan to the wider European markets.
As a key part of the Southern Gas Corridor, TAP is strategically and economically important to Europe and essential in providing reliable access to a new source of natural gas. TAP plays a significant role in boosting Europe’s energy security, supply diversification, as well as decarbonisation objectives.
TAP’s shareholding is comprised of bp (20%), SOCAR (20%), Snam (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).