ECONOMY

TAP to increase deliveries of gas by 50% this year

TAP to increase deliveries of gas by 50% this year

An increase in the capacity of the TAP natural gas pipeline is being planned to help reduce dependence on Russian gas in Southeastern Europe, the company managing the pipeline stated. 

The Trans Adriatic Pipeline said the initial target was to increase gas deliveries to 12 billion cubic meters a year from 2022, up from roughly 8 bcm in 2021, and to possibly raise its capacity to 20 bcm a year, with the final decision to depend on a market test to be conducted in 2023. 

An increase in natural gas imports from Azerbaijan was decided during a recent visit by European Commission President Ursula von der Leyen to Baku. 

The operation of the TAP pipeline and especially its expansion will establish Greece as an energy hub for SE Europe and the EU as a whole, as the pipeline carries gas from Azerbaijan to Italy from the Greek-Turkish border, via Albania and an undersea pipeline. 

The commercial operation of the Interconnector Greece-Bulgaria will also be capable of supplying Bulgaria and other countries with which there are connections (North Macedonia, Romania, etc).

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