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.
Procedures for commissioning the Greece-Bulgaria interconnector on October 1 are progressing according to schedule. The implementation of the project is in the final stage of realization and administrative procedures for issuing the relevant licenses for exploitation and right of use are running in parallel in both countries.
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.
“ Azerbaijan was the first country to invite foreign leading energy companies to cooperate in the Caspian Sea. We have established strategic oil pipelines to Turkey's port on the Mediterranean Sea and Georgia's port on the Black Sea, which have changed the energy map of Europe by diversifying energy supplies to the world market," said the President of the Republic of Azerbaijan, Ilham Aliyev, in his speech on "Azerbaijan's Role in energy security" at the International Forum held in Cernobbio, Italy, on September 2, 2022.
The project company ICGB received the final joint certification decision as an independent transmission operator. It was handed to the two executive directors Teodora Georgieva and Konstantinos Karayanakos by the chairmen of the national energy regulators of Bulgaria and Greece KEVR and RAE - Stanislav Todorov and Athanasios Dagoumas.
The IGB project connects Bulgaria with the Trans-Adriatic Pipeline, allowing gas to be transported from Azerbaijan through Greece to Italy and the region of Southeast Europe.
The Trans Adriatic Pipeline (TAP) made it possible for Italy to export gas in the second half of December 2021, Trend reports with reference to Italian media.
Currently, the construction activities for the Interconnector Greece-Bulgaria (IGB) continues, with trenching and lowering of the welded pipeline being reported by the contractor as completed, the ICGB AD, the project company stated.
Interconnection with the Trans Adriatic Pipeline (TAP) will turn Alexandroupolis into a new energy hub, Trend quoted Greek Minister of Foreign Affairs Nikos Dendias as saying following his visit to the Port of Alexandroupolis.
Europe will not be able to completely abandon Russian gas, but it needs to look for alternatives to supplies from Gazprom, Trend reports citing “The Economist”.
