AXPO GROUP

Axpo sells its 5% stake in TAP to Fluxys and Enagás

By
LAMAN ZEYNALOVA

Axpo has agreed the sale of its 5% stake in the Trans Adriatic Pipeline AG (TAP) to TAP shareholders Fluxys and Enagás S.A, it was announced today, Trend reports via the company.

Under the sale and purchase agreement, Belgium’s Fluxys will acquire 1% and Spain’s Enagás 4% of Axpo’s 5% equity stake. Both companies will thus reach 20% ownership of TAP, which includes UK shareholder bp (20%), Azerbaijan’s SOCAR (20%), and Italy’s Snam (20%).

Over 1 billion kWh were transferred over the IGB in the first month of commercial operation

By
DIANA ZAYKOVA

Over 1 billion kWh were transferred via the intersystem gas connection Greece-Bulgaria in the first month of commercial operation of the gas pipeline. The total amount of natural gas for the period October 1 - November 1, 2022 amounts to 1,105,908,000 kWh or 95,000,000 cubic meters.

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