TAP to sign long-term agreements with partners on Shah Deniz

The Trans Adriatic Pipeline (TAP) has submitted its Third Party Access Exemption (TPA) applications in all three host countries - Albania, Greece and Italy, Trend cites TAP statement as saying.

Third Party Exemption will allow TAP AG to enter into long term ship-or-pay Gas Transportation Agreements (GTAs) with the shippers of Shah Deniz II gas in Azerbaijan.

Kjetil Tungland, Managing Director of the Trans Adriatic Pipeline, commented that the fact that TAP has applied for its TPA exemptions in all three host countries further demonstrates its continued progress and strong commitment to construct major new gas infrastructure in Europe.

He said TAP's realisation will be a major step forward in opening the Southern Gas Corridor, thereby diversifying supply and enhancing energy security for Europe.

"It is my firm belief that TAP is able to offer the Shah Deniz Consortium the most economic and reliable solution for the export of
their gas," Tungland said.