Switzer­land views TAP as ex­cel­lent ex­am­ple of co­op­er­a­tion in en­ergy sec­tor

Azer News - - Front Page - By Le­man Mam­madova

Azer­bai­jan con­tin­ues to strengthen its ties with Eu­ro­pean coun­tries within the South­ern Gas Cor­ri­dor project aimed at reach­ing en­ergy mar­kets of Europe.

Azer­bai­jan con­tin­ues to strengthen its ties with Eu­ro­pean coun­tries within the South­ern Gas Cor­ri­dor project aimed at reach­ing en­ergy mar­kets of Europe.

The pres­ence of bi­lat­eral co­op­er­a­tion be­tween the gov­ern­ments, as well as mul­ti­lat­eral agree­ments makes the projects in the en­ergy sec­tor more re­li­able and strong.

Trans Adri­atic Pipe­line project (TAP) is a good ex­am­ple of en­ergy co­op­er­a­tion be­tween Azer­bai­jan and Switzer­land, the Fed­eral Coun­cil of Switzer­land told Trend.

“Azer­bai­jan and Switzer­land signed a Me­moran­dum of Un­der­stand­ing in the en­ergy sec­tor in 2007, and me­moran­dum laid the foun­da­tion for the de­vel­op­ment of closer ties in this area. The im­ple­men­ta­tion of the TAP project is an ex­cel­lent ex­am­ple of our re­la­tions in the en­ergy sec­tor, and the Swiss com­pany Axpo is one of the founders of the TAP con­sor­tium,” the Swiss Fed­eral Coun­cil said.

The Coun­cil noted that the coun­try con­sid­ers se­cu­rity of sup­ply through di­ver­si­fi­ca­tion as an in­te­gral com­po­nent of its for­eign en­ergy pol­icy.

“Switzer­land has there­fore sup­ported the South­ern Gas Cor­ri­dor since the very be­gin­ning. Nat­u­ral gas, con­sti­tut­ing 14 per­cent of the coun­try's to­tal en­ergy con­sump­tion (2017 data), is a sig­nif­i­cant con­tri­bu­tion to Switzer­land's en­ergy sec­tor. Con­sid­er­ing the de­cline in nat­u­ral gas pro­duc­tion in Europe, TAP will diver­sify the sources and routes of gas sup­plies to Europe, and thus will ben­e­fit Switzer­land,” the Coun­cil said.

TAP, along with TANAP, is a part of South­ern Gas Cor­ri­dor project. The project en­vis­ages trans­porta­tion of gas from Azer­bai­jani Shah Deniz2 gas field to Greece and south­ern Italy across the Adri­atic Sea through Greece and Al­ba­nia, and in­volves de­sign­ing, con­struc­tion and op­er­a­tion of the nat­u­ral gas pipe­line.

The In­ter­gov­ern­men­tal Agree­ment on the TAP project was signed by Al­ba­nia, Italy and Greece in Fe­bru­ary 2013. The cost of the project is 4.5 bil­lion eu­ros.

The TAP project is one of the strate­gic ob­jec­tives of the EU in the en­ergy se­cu­rity and di­ver­si­fi­ca­tion of en­ergy sources, cho­sen as the short­est and di­rect way to ex­port nat­u­ral gas from Azer­bai­jan to the Eu­ro­pean mar­kets.

Con­struc­tion of nearly 74.6 per­cent of the 878 km pipe­line has been com­pleted. The TAP pipe­line is ex­pected to be com­mis­sioned in 2020. The ini­tial ca­pac­ity of TAP will be 10 bil­lion cu­bic me­ters of gas per year with the pos­si­bil­ity of dou­bling it.

TAP share­hold­ers in­clude BP (20 per­cent), SOCAR (20 per­cent), Snam S.p.A. (20 per­cent), Fluxys (19 per­cent), Ena­gas (16 per­cent) and Axpo (5 per­cent).

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