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Greece: PM Tsipras inaugurates €39 bln TAP pipeline02:41

Greece: PM Tsipras inaugurates €39 bln TAP pipeline

Greece, Thessaloniki
May 17, 2016 at 17:40 GMT +00:00 · Published

Greek Prime Minister Alexis Tsipras took part in the inauguration ceremony of construction work on the Trans-Adriatic Pipeline (TAP) in port city of Thessaloniki, Tuesday, alongside officials and politicians from countries participating in the project.

While addressing participants of the ceremony, Tsipras said that the pipeline will initially have "an annual capacity of 10 billion cubic metres of natural gas" transported from Azerbaijan, which in the future might "expand to over 20 billion cubic metres."

European Commissioner for Energy Union Maros Sefcovic, said that it is a "turning point from the centralised market with a single energy supplier to the mixed and diverse energy suppliers."

The event was attended by delegates from Azerbaijan, Italy, Bulgaria, Albania, Turkey and Switzerland.

The €39 billion ($45 billion) TAP will link the Trans Anatolian Pipeline (TANAP) with the Italian natural gas network, allowing natural gas from the Caspian Sea to flow to Western Europe.

Greece: PM Tsipras inaugurates €39 bln TAP pipeline02:41
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Description

Greek Prime Minister Alexis Tsipras took part in the inauguration ceremony of construction work on the Trans-Adriatic Pipeline (TAP) in port city of Thessaloniki, Tuesday, alongside officials and politicians from countries participating in the project.

While addressing participants of the ceremony, Tsipras said that the pipeline will initially have "an annual capacity of 10 billion cubic metres of natural gas" transported from Azerbaijan, which in the future might "expand to over 20 billion cubic metres."

European Commissioner for Energy Union Maros Sefcovic, said that it is a "turning point from the centralised market with a single energy supplier to the mixed and diverse energy suppliers."

The event was attended by delegates from Azerbaijan, Italy, Bulgaria, Albania, Turkey and Switzerland.

The €39 billion ($45 billion) TAP will link the Trans Anatolian Pipeline (TANAP) with the Italian natural gas network, allowing natural gas from the Caspian Sea to flow to Western Europe.

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