Albania approves decision on temporary use of lands affected by TAP

Thu 10 Jan 2019 08:45 GMT | 12:45 Local Time

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Albanian government has approved the decision on expropriation and temporary use of immovable property affected by the project for construction of dams that prevent river flooding and ensure protection of the Trans Adriatic Pipeline (TAP) in the Berat, Skrapar and Fier regions of the country, Trend reports citing Albanian media.

Reportedly, immovable property owners will receive full compensation.

The mentioned immovable property will be used for a period of one year, reads the decision.

TAP project, worth 4.5 billion euros, is one of the priority energy projects for the European Union (EU). The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries.

Connecting with the Trans Anatolian Pipeline (TANAP) at the Greek-Turkish border, TAP will cross Northern Greece, Albania and the Adriatic Sea before coming ashore in Southern Italy to connect to the Italian natural gas network.

The project is currently in its construction phase, which started in 2016.

Once built, TAP will offer a direct and cost-effective transportation route opening up the vital Southern Gas Corridor, a 3,500-kilometer long gas value chain stretching from the Caspian Sea to Europe.

TAP shareholders include BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).

News.Az

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