Implementation of TAP among 4 objectives of Greece: minister

Tue 15 Jan 2019 06:43 GMT | 10:43 Local Time

Text size: bigger smaller

Implementation of the Trans Adriatic Pipeline (TAP), which envisages transportation of Azerbaijani gas to Europe, is among four objectives of the Greek government, Trend reports citing Greek Minister of Environment and Energy Giorgos Stathakis as saying.

The Minister of the Environment and Energy, George Stathakis said that the Greek government has set the following four objectives:

1) Liberalize the gas market and reinforce it
2) Linking the Greek market to the Balkan markets of Europe and the Eastern Mediterranean through major infrastructure projects such as the TAP, IGB and East Med pipelines.
3) Promote diversification of gas supply sources and routes so as to further strengthen the country's energy security.
4) Emphasizing the country not only as a transit hub but also as a possible gas producer

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.




Most read articles

More from Economy

In The Region

Editor's Picks

Azerbaijan Cuisine

Explore the food of Azerbaijan - from sherbet to succulent kebab, from baklava to fragrant pilaff

Follow us

Find us on Facebook

Real estate

Virtual karabakh