The construction of the Trans Adriatic Pipeline (TAP) is planned to begin in 2014 and will last for approximately four years, a source in TAP told Trend on Wednesday.
According to the source, TAP intends to make its Final Investment Decision (FID), one month before the Shah Deniz Consortium plans to announce their FID (in October, 2013).
Last week the consortium of the Azerbaijani Shah Deniz field development officially announced the selection of TAP as the route to transport its gas to Europe. Another pipeline vying for Azerbaijani gas transportation to Europe was Nabucco West.
The TAP project is designed to transport gas from the Caspian region via Greece and Albania and across the Adriatic Sea to the south of Italy and further to Western Europe. Gas which will be produced during the second stage of Shah Deniz field development is considered to be the main source for the project.
TAP signed a Memorandum of Understanding and Cooperation with TANAP (Trans Anatolian gas pipeline) in November 2012, and has been working closely on the technical interface with TANAP since that point. The signed agreement envisaged the establishment of technical and commercial cooperation between the two parties and formalizes a mutual framework and forum for coordinated activities and exchanges of information, Trend reports.
