TAP

Since the launch of the Trans-Adriatic Pipeline (TAP), more than 19.4 billion cubic meters of Azerbaijani gas have been transported to Europe, Azerbaijani Energy Minister Parviz Shahbazov, Trend.az reports via his Twitter publication.
(https://mobile.twitter.com/ParvizShahbazov/status/1609105913272483841 )

He noted that today, December 31, marks two years since the start of gas supplies from Azerbaijan via TAP.

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.

The independent transmission operator ICGB absorbed the last tranche of the long-term loan from the European Investment Bank (EIB) for the implementation of the intersystem gas connection Greece-Bulgaria.

The independent transmission operator ICGB, which operates the Greece-Bulgaria commercial interconnector, has entered into a natural gas transmission contract with the American company Linden Energy LLC. The agreement is for a period of 20 years.

Linden Energy LLC is a US-based company with strategic interests in the regional natural gas market. The company recently finalized an equity stake in one of Bulgaria's largest natural gas suppliers (“Overgas”) and announced plans to build a regasification facility in Albania.

Over 303,000,000 kWh were transferred over the Greece-Bulgaria interconnector in the first days of commercial operation of the facility. The amounts are equal to more than 303 GWh from October 1st to October 9th inclusive.

Carrier ICGB will offer monthly input and output capacity for November on 17/10/2022. The auctions will be held on two leading European platforms - PRISMA and RBP.

The Trans Adriatic Pipeline (TAP) will be able to bring more than 9.5 billion cubic meters of gas to Italy this year, which is 2.5 times more than in 2021, said

Luca Schieppati, TAP's Managing Director, Trend reports.

“We are talking about over 13 percent of the national gas demand,” he said addressing the Young Hope event in Italy.

A meeting between the Minister of Economy and Industry of Bulgaria Nikola Stoyanov and Minister of Economy Parviz Shahbazov took place, Trend reports via Shahbazov's Twitter.

"We discussed the commercial commissioning of IGB Gas Interconnector Greece-Bulgaria and the gas supply to Bulgaria within the expansion of the TAP Trans Adriatic Pipeline. It is predicted that approximately 600 million cm of gas will be exported to Bulgaria by the end of the year," he stated.

Trans Adriatic Pipeline’s (TAP) expansion could contribute to Europe’s energy transition, Luca Schieppati, TAP Managing Director, said, addressing the Gastech Exhibition and Conference, Trend reports.

“TAP’s expansion capacity is offered to the market through regular market tests. The 2021 market test is in progress with its first binding phase taking place in November,” he noted.

Schieppati went on to add that the industry is now focused on hydrogen to achieve carbon neutrality.

The finishing works required for the introduction of the intersystem gas connection Greece-Bulgaria are progressing according to the set schedule.

The interconnector with Greece is already successfully connected to the national and transit gas transmission network, as well as to neighboring transmission operators, ensuring the physical transmission of gas. The connection of the infrastructure of the two independent transmission operators for Bulgaria - ICGB and Bulgartransgaz - was carried out near Stara Zagora in the period August 16-17. The process is completed with three gold welds.