During the meeting Letta will discuss the issues on TAP gas pipeline.
On June 28, Azerbaijan officially announced the selection of the Trans Adriatic Pipeline (TAP) for natural gas deliveries to Europe.
The TAP is 520 km long pipeline, which enables the transport of gas from the Caspian Sea through Greece, Albania, the Adriatic Sea and Italian region of Puglia into the Western Europe. Total cost of the project makes approximately $2.2 bln. Annual capacity of the pipeline would make 10 bcm, in future – 20 bcm.
At present time, the project has 3 shareholders: Swiss Axpo (42.5%), Norwegian Statoil (42.5%) and German E.ON Ruhrgas (15%) companies.
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