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  1. Home
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  5. South Caucasus pipeline
  6. Statement on TAP

Statement on TAP

Release date:
13 October 2020
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 andprivate sector stakeholders, and international financial institutions to develop, construct and connect European transportation components of the Southern Gas Corridor project.

 

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 andBulgaria as planned by the end of 2020. Together with SOCAR, we are proud to be the shareholders of all transportation components of 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.