More gas to be available for TAP - Richard Morningstar
"There are definitely other possibilities," he added.
TAP project, is not the only solution to the European energy security, but it will help, according to Morningstar.
There will be 10 billion cubic meters coming to Europe through the TAP pipeline, which will add competition to the European market, he said.
"But Europe has to do a whole a lot of other things - building interconnections, importing more LNG, developing its renewable markets, developing more storage facilities, energy efficiency, and all the rest," Morningstar added.
TAP project envisages transportation of gas from the Stage 2 of development of Azerbaijan`s Shah Deniz gas and condensate field to the EU countries.
The 870-kilometer pipeline will be connected to the Trans Anatolian Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy`s south.
TAP`s shareholding is comprised of BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).
A ceremony marking the beginning of construction for the project was held on Tuesday, 17 May in Thessalonik