The Trans Adriatic Pipeline (TAP) covers 18 percent of Greek natural gas imports per year, Trend quoted Greek Minister of Environment and Energy Costas Skrekas as saying at the debate in Parliament on ratification of the 2022 state budget.
"Today, TAP covers 18 percent of our imports. The liquefied natural gas terminal has received loads from five countries this year. The 2022 loading of LNG and small-scale LNG tankers will allow access to natural gas to a number of non-interconnected areas and remote areas in the country. We are also promoting a critical infrastructure, the underground storage of natural gas in Kavala, so that in this way we can normalize gas prices between seasons in the future. Like in summer, when we have lower gas prices and in winter, where we traditionally have higher gas prices," he said.
As the European section of the Southern Gas Corridor, TAP has the capacity to transport approximately 10 billion cubic meters of gas per annum (bcm/a) to several markets in Europe. The pipeline is also designed with the potential to expand its throughput capacity up to 20 bcm/a.
As a key part of the Southern Gas Corridor, TAP is strategically and economically important to Europe and essential in providing reliable access to a new source of natural gas. TAP plays a significant role in boosting Europe's energy security, supply diversification, as well as decarbonisation objectives.
TAP's shareholding is comprised of bp (20 percent), SOCAR (20 percent), Snam (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).