TAP shareholder would welcome Italian partner in project

Germany's E.ON Ruhrgas, which is a shareholder in Trans Adriatic Pipeline, would welcome an Italian partner in the project, Trend cites Reuters as saying with reference to the company CEO Klaus Schaefer.

"We would clearly welcome an Italian partner or one coming from one of the countries the pipeline passes through," he said at the Reuters Energy and Environment Summit in London.

TAP is one of the Southern Gas Corridor projects, designed to transport gas from the Caspian region via Greece and Albania and across the Adriatic Sea to southern Italy and further into Western Europe. Gas to be produced within the second phase of Azerbaijani Shah Deniz gas condensate field development is considered as the main source for TAP.

In February Shah Deniz Consortium announced TAP as a priority route for export of the Azerbaijani gas to Italy.

The current shareholders of TAP project are EGL of Switzerland (42.5 percent), Norway's Statoil (42.5 percent) and E.ON Ruhrgas of Germany (15 percent).

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