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Free AccessTAP Pipeline Could Add 1.25bcm Of Gas Capacity By 2025
Trans Adriatic Pipeline AG is ready to complete the first stage of increasing the throughput capacity of the Trans Adriatic Pipeline (TAP) by 2025, TAP AG managing director Luca Schieppati said.
- “There are plans to open a market window on 16-22 Jan 2023, during which operators will be able to request long-term transport capacities”, Schieppati said.
- If the additional capacity requested by shippers totals up to 2.5bcm of gas, then the company would begin investing in overhauling infrastructure following the completion of a check of the project's economic stability.
- "With the help of this first step, we will be able to make 50% of these 2.5bcm available by 2025 and then complete the second stage in 2026. However, full coordination between TAP and all operators is needed to reach that goal," Schieppati said.
- The deadline for doubling TAP's capacity to 20bcm is 2027, he said.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.