Statoil: Sells its 20% Stake in the Trans Adriatic Pipeline for EUR 208m
Following the divestment of its share in the Shah Deniz gas field in Azerbaijan, Statoil has agreed to sell its 20% interest in Trans Adriatic Pipeline AG to the Italian gas infrastructure company Snam SpA for a total consideration of EUR 208 million. This amount is for both Statoil’s shares …
Trans Adriatic Pipeline (TAP) AG selects Technip for a contract for Project Management Services
Technip has been awarded by TAP(1) a Project Management Consultancy (PMC) Services contract, for a project designed to transport gas from the Shah Deniz field to the European market. TAP project scope includes an approximately 870 kilometer long pipeline, which will start from the tie-in with the TANAP(2) portion of …
Shah Deniz targets Italian and Southeastern European gas markets through Trans Adriatic Pipeline
The Shah Deniz consortium announced today that it has selected the Trans Adriatic Pipeline (TAP) to deliver gas volumes from the Shah Deniz stage 2 project to customers in Greece, Italy and Southeast Europe. This is an important milestone in the Shah Deniz consortium’s multi-phased approach to the opening of …