home . news & publications . Investment News . TAP Consortium to Invite Bids for Construction Works in Late 2014

TAP Consortium to Invite Bids for Construction Works in Late 2014

Trans Adriatic Pipeline (TAP) consortium will invite bids for the construction and ancillary works for the project in late 2014 and early 2015.

Greek companies will be given a head start, provided they are qualified and meet the necessary requirements.

A consortium of Azerbaijani Shah Deniz gas condensate field development announced its choice of the TAP project in late June, 2013, as a gas transportation route to the European markets.

The initial capacity of the TAP pipeline will be 10 billion cubic meters per year with the possibility of expanding to 20 billion cubic meters per year.

Trans-Anatolian gas pipeline (TANAP) will be constructed in order to transport gas through Turkey. This will ensure gas deliveries to the border with Europe.

TAP shareholders are BP (20 percent), SOCAR (20 percent), Statoil (20 percent), Fluxys (16 percent), Total (10 percent), E.ON (nine percent) and Axpo (five percent).

Source: Trend

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