TAP countries sign MoU for pipeline

En route: TAP moves to regulatory stage after securing inter-governmental backing

The governments of Italy, Greece and Albania have signed a memorandum of understanding confirming their support for the Trans Adriatic Pipeline (TAP) project.

The accord was concluded as expected on the margins of the United Nations General Assembly meeting in New York.

TAP managing director Kjetil Tungland said the signing represented “a very clear demonstration of political support for TAP” that was “another great step forward for the project”.

Tungland said that securing regulatory approvals would be the next stage for the project.

Last month, TAP and the BP-led mega-project Shah Deniz 2 in Azerbaijan signed an agreement on funding work on its export pipeline proposal and arranging for an equity option of up to 50% in the line.

The pipeline is intended…

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