TAP’s Managing Director: No proposal was put forward on Iran’s joining this project

The project has always been open to all companies which bring strategic value to it.

Baku. Vusal Nabiyev – APA-Economics. No discussion was conducted on Iran’s joining to Trans Adriatic Pipeline (TAP) and no proposal was put forward in this regard.

TAP’s Managing Director Ian Bradshaw told the aforesaid, APA reports quoting Anadolu agency. According to him, this project, which is part of the Southern Gas Corridor, is of strategic importance for the European market. TAP’s Managing Director said that the project offers new natural gas reserves to the region and thus increases energy security

“The project plans to deliver 10 billion cubic metres of gas per year to Europe, and possibly double that in the long-term future. Therefore, additional compressor modules and stations will be built. Moreover, the project will ensure gas transport in the opposite direction. Thus, these opportunities will be evaluated in case of excessive increase in urgent need and demand. In particular, there are many countries in South-East European region which will be able to benefit from the Southern Gas Corridor and TAP”, I.Bradshaw stressed.

Ian Bradshaw noted that the project would be completed in Italy, connecting pipelines offer many opportunities in gas transmission to Switzerland, Austria, France, Germany, Belgium and the UK and he said that Shahdeniz-2 gas would play an important role in supplying Bulgaria and Greece. Bradshaw also touched on the issue of transporting Iranian gas to Europe via TAP:

“TAP envisages only transportation of Azerbaijani gas to Italy through Greece and Albania. TAP is not competing with other gas pipeline projects in the region. We didn’t have any contact with Iran or propose the country to join the project. TAP is acting in accordance with EU legislation and related sanctions. Thus, the project has always been open to all companies that could bring strategic value to it,” he said.