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Greece, Italy and Albania release joint opinion on TAP

30 April 2015 08:41 (UTC +04:00)

Baku – APA-Economics. The regulatory authorities in TAP’s host countries – Greece, Italy and Albania – have released a joint opinion, prolonging the validity period of TAP’s exemption from certain provisions of the EU Gas Directive.

TAP’s exemption has been updated in line with the planned commencement date of Shah Deniz Phase 2 gas exports to Europe, now expected in 2020. This enables TAP to be fully aligned with upstream developments in the Southern Gas Corridor value chain.

The updated joint opinion follows the approval of the European Commission [link] as well as a positive opinion by the Energy Community Secretariat [link]. The joint opinion has been implemented in TAP’s host countries via national decisions.

Lutz Landwehr, TAP’s Commercial Director, said: “TAP continues to comply with all the conditions set out in the exemption decision, as well as European regulation to which our project is subject. According to the requirements for major new pieces of gas infrastructure securing exemption decisions, TAP will enhance competition of gas supply as well as boost security of supply in several European markets.”