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 Posted: Fri 2:32, 01 Nov 2013 Post subject: Trans-Adriatic Pipeline wins supports from Albania |
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Trans-Adriatic Pipeline wins supports from Albania, Greece, Italy
BAAR, Switzerland, April 25 () -- An agreement by Albania, Greece and Italy to coordinate support for a planned natural gas pipeline safeguards its success, an executive said.A trilateral committee coordinates support for the Trans-Adriatic Pipeline. TAP is included in the so-called Southern Corridor, a planned network of pipelines meant to break the Russian grip on the European energy sector.TAP is up against the more ambitious Nabucco West pipeline. A BP-led consortium operating in the Shah Deniz II gas field offshore Azerbaijan is expected by June to make a decision on which pipeline will carry gas to Europe.TAP External Affairs Director Michael Hoffmann said the consortium, led by Swiss energy company and Norwegian major Statoil,[url=http://www.tymarc.com/]christian louboutin sale[/url], said the support was a major vote of confidence."We believe the committee will increase the chances of TAP being selected by Shah Deniz in June this year,[url=http://www.ksacinc.com/cheapbeats/?]cheap beats[/url]," he said in a statement. "Significantly,[url=http://www.panyam.com/]gucci outlet online[/url], it will also safeguard the successful implementation of the project following selection."Nabucco's legal framework calls for an overland pipeline from the Turkish border that has a design capacity of up to 1 trillion cubic feet per year. TAP, which would cross part of the Adriatic Sea, could carry 350 billion-700 billion cubic feet per year "depending on supply and demand."
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