TAP trio signs inter-governmental agreement

Pipeline pact: Trio complete political roadmap for TAP project

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Bill Lehane

 13 February 2013 13:50 GMT

The governments of Greece, Italy and Albania have signed a tri-lateral intergovernmental agreement sealing their commitment to the Trans Adriatic Pipeline (TAP) project.

Signed in Athens, the pact solidifies a range of key commitments by the trio to the forward development, construction and operation of the TAP pipeline, according to the project consortium.

TAP external affairs director Michael Hoffman said the deal was “the last remaining high level international political agreement” for the project.

The three countries signed a memorandum of understanding confirming their support for the project last September.

TAP’s shareholders are Axpo of Switzerland (42.5%), Norway’s Statoil (42.5%) and E.ON Ruhrgas of Germany (15%).

The 520-kilometre line runs from the Caspian through Greece, Albania, the…

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