Trans Adriatic Pipeline (TAP) has agreed to market its future natural gas transportation capacity through the Prisma European Capacity Platform. TAP’s initial capacity will be 10 billion cu m/year (bcmy), expandable to 20 bcmy. Prisma is the major marketplace in Europe for booking and trading gas capacity, connecting gas markets of 19 European countries.
TAP is more than 94% complete and expects to start commercial operations by end-2020. The pipeline will transport natural gas from Shah Deniz II field in the Azerbaijani sector of the Caspian Sea to Europe. The 878-km pipeline connects with the Trans Anatolian Pipeline at the Turkish-Greek border in Kipoi, crossing Greece, Albania, and the Adriatic Sea, before coming ashore in southern Italy.
“By making the European section of the Southern Gas Corridor available on our platform, Prisma adds a crucial pathway to ensuring the stability and diversity of energy supplies in Europe,” the company said.
TAP’s shareholding is comprised of BP (20%), State Oil Co. of the Azerbaijan Republic (SOCAR, 20%), Snam (20%), Fluxys (19%), Enagás (16%), and Axpo (5%).