BAKU, Azerbaijan, Jan.30. Following the
completion of the primary binding bidding part of the 2021 Market
Test, the Trans Adriatic Pipeline will set off the primary degree of
capability enlargement, Trend stories just about TAP AG.
Following the closing of the binding bid submission window on 22
January 2023, TAP will now set off the primary degree of enlargement and
allocate 1.2 billion cubic meters (bcm) of incremental capability per
yr by way of long run contracts ranging from 2026. TAP’s
enlargement capability is obtainable by way of common market checks in an
open, clear and non-discriminatory means. TAP’s preliminary
capability could be expanded in steps to succeed in not less than 20 bcm per
yr.
A second binding part is predicted throughout 2023 and
events will be capable of submit their bids. As these common open
seasons are structured to check the market necessities in a gradual
course of, TAP goals at doubling the pipeline’s capability by 2027.
“We are happy to begin increasing TAP’s capability, which might
incrementally be elevated as much as not less than 20 bcm per yr. Having
now closed the primary binding part, we intend to launch the second
binding part within the second half of the yr to additional improve
Europe’s safety of provide and market liquidity”, stated Luca
Schieppati, TAP’s Managing Director. “New volumes of hydrogen and
different renewable gases is also transported by way of TAP’s
capability enlargement to foster long-term sustainability and allow
power transition within the area”, he added.
TAP reiterates its agency dedication to its position each throughout the
RePowerEU plan, in addition to the EU-Azerbaijan Memorandum of
Understanding on a strategic partnership within the subject of power,
whereby the Southern Gas Corridor capability could be expanded to
ship not less than 20 bcm to the EU yearly by 2027.
