Gas:TAP to create jobs in Greece, supplies to IAP in Balkans

Sole 'Mediterranean' project in the running with Shah Deniz

26 April, 12:55

(ANSAmed) - BRUSSELS, APRIL 26 - The Trans Adriatic Pipeline (TAP) project to connect Europe with Azerbaijan's gas supplies would invest 1.5 billion euros in Greece. ''The building of the gas pipeline should directly create 2,000 jobs and an estimated almost 11,000 indirect ones in the country,'' said Michael Hoffmann, head of TAP's external relations who is in Brussels today for a number of meetings with European institutions and embassies of the countries involved in the project. Currently TAP is the only ''Mediterranean'' project still in the running for getting the Shah Deniz supplies from the Caspian Sea, the so-called Southern Gas Corridor, and by going through Albania to Italy it aims to become the route for supplies also used by emerging markets in the Western Balkans. Hoffmann said that ''it is important that the gas also gets to the Ionian Adriatic Pipeline (IAP). Ours is the only project which includes the countries of the Western Balkans'', already candidates for EU membership or possibly to become so in the future. The latter is an aspect which takes on importance in view of a future enlargement of the EU compared with the rival Nabucco project, which instead involves Bulgaria, Romania, Hungary and Austria.

TAP's maximum capacity is 10 billion cubic metres, with the possibility to invert the flow of gas from West to East up to 8 billion cubic metres. (ANSAmed).

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