Bulgaria needs Trans Adriatic Pipeline
"The implementation of the reverse-flow gas link with Bulgaria's southern neighbor will achieve a true diversification of gas supply sources for Bulgaria," he emphasized," Mr. Stoynev said at a meeting with TAP's representatives, Sofia News Agency reported.
Mr. Stoynev said that this will also provide the opportunity for receiving gas supplies through the Southern Gas Corridor, adding that Bulgaria was also working on the implementation of reverse-flow gas grid interconnections with Turkey, Romania and Serbia, and stressed the importance of the association with the Bulgaria-Greece gas grid interconnection.
Mr. Stoynev added that the Bulgarian government considers gas supply diversification a top priority, and that Bulgaria should consider TAP as an extremely important project for achieving a diversification of gas supplies to countries in Southeast European countries, including gas shipments from the Caspian region.
In late June, the consortium of Azerbaijani Shah Deniz field development officially announced the selection of TAP as the route to transport its gas to Europe. The TAP project is will transport gas from the Caspian region via Greece and Albania and across the Adriatic Sea to the south of Italy and further to Western Europe. Gas from the Shah Deniz field development is the main source for the project.
The TAP route will be approximately 870 kilometers long and its initial pipeline capacity will be 10 billion cubic meters per year, but it will be easily expandable to 20 billion cubic meters per year. TAP's shareholders are AXPO (42.5 percent), Statoil (42.5 percent) and E.ON (15 percent). ■