Snam revealed Tuesday it had agreed a purchase price with Statoil of €130 million and will also enter in the term credit facility agreement currently granted by the Norwegian company to TAP for a nominal amount of €78 million.
“TAP is crucial to the diversification of gas sources in Europe through the development of the Southern Corridor from the Republic of Azerbaijan and potentially other producing countries,” Snam chief executive Carlo Malacarne said.
“Snam’s
