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    Fluxys to Sign Up for Trans-Adriatic Pipeline?

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Summary

European gas infrastructure group Fluxys is considering taking a shareholding in the Trans Adriatic Pipeline (TAP) project after the Shah Deniz Consortium has decided on the preferred European route to bring gas from Azerbaijan.

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Natural Gas & LNG News, News By Country, Belgium, , Trans-Adriatic Pipeline (TAP)

Fluxys to Sign Up for Trans-Adriatic Pipeline?

European gas infrastructure group Fluxys is considering taking a shareholding in the Trans Adriatic Pipeline (TAP) project.

The Belgium-based natural gas infrastructure group is a major gas transit operator and combines gas transmission, gas storage and terminalling of liquefied natural gas (LNG).

Discussions between Fluxys’ and TAP’s shareholders, which began in 2012, are proceeding with a view to include Fluxys as a shareholder in TAP shortly after the Shah Deniz Consortium has decided on the preferred European route to bring gas from Azerbaijan.

Commenting Kjetil Tungland, TAP’s Managing Director, said: “I am delighted that Fluxys is looking to join the TAP project. Their involvement in TAP fully underlines that TAP is a European Project and truly demonstrates that TAP can transport Shah Deniz gas to Western markets beyond Italy. This in turn, further contributes to Europe’s security of supply.”

Walter Peeraer
, Managing Director Fluxys, said: “Becoming a partner in TAP would be a further step in our strategy of bridging the markets to foster security of supply and market liquidity in Europe. Through our partnership with Snam and our project to enable south-to-north flows from Italy to Switzerland and Germany, Azeri gas from the TAP pipeline could be moved straight into the North Western European markets.”