Fluxys Signals Strong Interest in Trans Adriatic Pipeline Project
Thursday, 01 January 1970
European gas infrastructure group Fluxys is considering taking a shareholding in the Trans Adriatic Pipeline (TAP) project, TAP said on Monday.
Discussions between Fluxys’ and TAP’s shareholders began in 2012. These talks may lead to the inclusion of Fluxys as a shareholder in TAP, TAP said in a statement.
TAP is a proposed pipeline project to transport natural gas from the Caspian basin, starting from Greece via Albania and the Adriatic Sea to Italy and further to Western Europe. Designed to expand the capacity from 10 to 20 billion cubic meters per year, TAP will open up the so-called Southern Gas Corridor, enhancing Europe's energy security by providing a new source of gas.
Fluxys is a major gas transit operator in Europe with activities in six countries and counts among the few operators combining gas transmission, gas storage and terminalling of liquefied natural gas.