No discussions on expansion of TAP’s capacity yet

  22 December 2017    Read: 1056
No discussions on expansion of TAP’s capacity yet
No discussions have been held yet on expanding the capacity of the Trans Adriatic Pipeline (TAP), which envisages transportation of Azerbaijani gas to Europe, TAP president Walter Peeraer told Reuters.
“The capacity on the TAP pipeline will be expanded when enough customers express interest but there have been no discussions yet. It is therefore premature to discuss if Russia’s Gazprom might take capacity,” he added.

Earlier this year Gazprom’s deputy head Alexander Medvedev said the company was considering pumping gas through the link.

As for rerouting the pipeline, Peeraer said the landfall site, which had been chosen from 20 other locations for its minimal environmental impact, would not be changed. Such a move could put the project back 4-5 years, he added.

“The commitment is to transport about 8 to 10 bcm to Italian shores. Re-routing through Albania is not an option. There is no Plan B,” he noted.

Regarding the project’s financing by the European Investment Bank (EIB), Peeraer said talks with the Bank are ongoing, adding he expects a decision in February.

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