Monday April 21, 2014 Search
Weather | Athens
17o C
11o C
Survival Guide
Greek Edition
TAP pipeline prepares for 2015 construction start

The Trans-Adriatic pipeline (TAP) project to bring gas from the Caspian region via Turkey into Europe is gearing up to tender in 2014 ahead of its planned construction start a year later, it said on Wednesday.

"We plan to send invitations to tender during 2014 for pre-qualified engineering and pipeline contract packages, possibly in the first half, communications head Lisa Givert said on the sidelines of a gas event held in Germany to bring together suppliers and future customers for the new route.

"One big part of the project is also gaining access to land and rights of way to be able to meet the timetable for first gas to flow in 2019, but we're on track, she said.

Potential suppliers have not yet been made public, nor the total expected cost of the project, which is expected to involve 55,000 people in three countries.

TAP is the pivotal link in the Southern Corridor, a route to ship gas from central Asia, the Middle East and the eastern Mediterranean basin to the European Union, which is seeking to diversify supplies away from dependence on imported Russian gas.

TAP will cross Greece and Albania before reaching Italy and is to be built by a consortium led by BP, Norway's Statoil and Azerbaijan's SOCAR.

They plan to deliver 10 billion cubic metres of gas per year to Europe, and possibly double that in the long-term future.

On December 17 the BP-led Azeri Shah Deniz gas field consortium is due to issue its final investment decision (FID) on phase II expansion aimed at securing output that will fill the new gas routes to Turkey and Europe.

"We are closely tied in to that decision, Givert said.

She said that TAP would mean 1.5 billion euros ($2.1 billion) in investment for Greece and 1 billion euros' worth for Albania, boosting local industries and employment.

In June, TAP was selected by Shah Deniz over a rival project called Nabucco West.

In September, Shah Deniz chose international buyers of its future gas output.

[Reuters] , Wednesday December 11, 2013 (16:05)  
Eurobank share offering on April 25-29
PPC to issue corporate bond of 500 mln
Primary surplus continued by end-March
Eurobank eyes top Core Tier 1 level in Greece
Greek Christians mark rare Good Friday in north Cyprus
Hundreds of Greek Orthodox pilgrims, some coming home after 40 years of forced exile, commemorated the crucifixion of Jesus in a rare Good Friday service in northern Cyprus. Held in this med...
Greece offers to help find Turkish F-16 lost in 1996
Greece officially offered on Thursday to assist Turkey in its efforts to locate and salvage a Turkish Air Force fighter jet which crashed in the Aegean almost 20 years ago. Greek Defense Min...
Inside News
Greens lose badly as CSKA Moscow
Panathinaikos has a mountain to climb in order to reach the Final Four of the Euroleague after losing at CSKA Moscow on Friday for a second time in two days, only this time it was comprehens...
Former Red Bourousis wrecks Olympiakoss hopes for a break
Olympiakos tried harder in Game 2 of the Euroleague play-offs in Spain, and Real Madrid was not as good on Thursday as in Game 1, but the Spaniards still emerged victorious on the night with...
Inside Sports
The placebo effect and the economy
Among the greatest mistakes made in the years of Greeces hard landing is that citizens did not get the chance to sense that aside from austerity and pain the economic adjustment program als...
Ukraine is a crisisbut not a Cold War
Given Russias annexation of Crimea, the imposition of US and European sanctions, and the potential for more escalation in Ukraine, we are witnessing the most important geopolitical events s...
Inside Comment
1. Greek Christians mark rare Good Friday in north Cyprus
2. Eurobank share offering on April 25-29
3. Greens lose badly as CSKA Moscow
4. Former Red Bourousis wrecks Olympiakoss hopes for a break
5. PPC to issue corporate bond of 500 mln
6. Greece offers to help find Turkish F-16 lost in 1996
more news
This Week
This Week
1. Greece's market return mirrors return of tourists
2. Parties start announcing candidates for European Parliament elections
3. Greece startup leaders say they cant break jobless cycle alone
4. Ground-breaking Good Friday mass signals thaw in Cyprus
5. IMF's Thomsen says Greece not fully financed to 2016
6. Mayoral candidates clash over Athens mosque plans
Find us ...
... on
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.