No changes in schedule for TAP commissioning, SOCAR says
The planned commissioning of the Trans Adriatic Pipeline (TAP) has not been affected by the escalation of the armed conflict between Armenia and Azerbaijan over Nagorno-Karabakh and the targeting of Azerbaijani pipeline infrastructure by Armenian forces on Oct. 6, Ibrahim Ahmadov, deputy head of the Public Relations and Event Management Department at Azerbaijan’s state oil company SOCAR, told S&P Global Platts.
"We have modeled possible scenarios and taken all necessary precautions in order to prevent or reduce damage in case of another attack," he said.
"Neither the export volume nor the schedule for TAP commissioning has changed so far," Ahmadov noted.
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.
TAP shareholders include BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).