TAP gas pipe project secures Third Party Access (TPA) exemption
The decision means that TAP can offer capacity for export of gas volumes from Azerbaijan to Europe for a period of 25 years. In addition, the Commission has approved exemptions from regulated tariffs on both TAP’s initial and expansion capacity, as well as exemption from ownership unbundling for 25 years.
The TAP pipeline aims to deliver natural gas from Azerbaijan (if route selected by the Shah Deniz consortium) to Italy through Turkey, Greece and Albania. Its capacity would range between 10 bcm/year and 20 bcm/year. The pipeline developers plan to begin construction in 2015 and have the first gas by 2019.
Source: www.enerdata.net 21 May 2013