Snap S.p.A to make decision on acquisition of stake in TAP by year-end

Snap S.p.A to make decision on acquisition of stake in TAP by year-end
# 04 September 2015 13:43 (UTC +04:00)

Malacarne considers they will have more information by the end of this year.

He also noted that Italy’s annual gas demand increased 5% to 70-71 bcm of gas this year.

Earlier, Malacarne told Reuters that the company has started evaluation works since June to acquire 20%-share in TAP.

Azerbaijani President Ilham Aliyev said in his visit to Italy on June 9 that Azerbaijani side is not against acquisition of share by Italian "Snam S.p.A." in TAP.

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THE OPERATION IS BEING PERFORMED