• TAP invests 9M euros for local communities in Northern Greece

The Trans Adriatic Pipeline (TAP) AG will donate 92 utility vehicles to local communities in all three Northern Greek prefectures traversed by the pipeline, reads a message posted on TAP AG’s website.

This initiative, designed in close collaboration with the Greek government and the competent ministries, is part of TAP’s 32 million euros worth social and environmental investment (SEI) program to be implemented across project-affected areas, according to the message.

This investment amounts to 9 million euros, committed for the purchase of 33 ambulances, 22 garbage trucks, 17 forestry vehicles, 14 snowploughs and 6 civil protection vehicles.

TAP is a part of the Southern Gas Corridor, which is one of the priority energy projects for the European Union. The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries.

The pipeline will connect to the Trans Anatolian Natural Gas Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy’s south.

TAP will be 878 kilometers in length (Greece 550 kilometers, Albania 215 kilometers, Adriatic Sea 105 kilometers, and Italy 8 kilometers).

TAP’s shareholding is comprised of BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).

Karabakh Today

22.06.2017 21:41
Category Economy