Modelled Direction
Yes
exit
No
exit
Yes
entry
Yes
entry
Shareholders financing to amount to 30% of total project costs.
External debt financing to amount to 70% of total project costs. The lenders
group envisaged by TAP at this stage includes Multilaterals, ECAs and
commercial banks.
DESCRIPTION OF THE PROJECT
The Trans Adriatic Pipeline (TAP) will transport natural gas from Kipoi in Greece near the Greek/Turkish border, via Albania and across the Adriatic Sea, to Italy’s southern Puglia region in Province of Lecce. In its upstream part, TAP will
interconnect with TANAP which is linked further to the east with systems in Turkey, to secure access to the Shah Deniz natural gas field in Azerbaijan and tie into Italy’s gas transportation grid operated by Snam Rete Gas in the province
of Lecce.
EXPECTED BENEFITS
Security of Supply, Market integration (Italy, Greece and Albania), with the potential to further integrate the Western Balkans (Croatia) and broader South Eastern Europe area (Bulgaria, FYROM, Serbia, Hungary, Romania, Slovenia,
Austria)), Reverse Flows, Diversification of sources, Diversification of routes, Back-up for renewables, TAP represents the pipeline chosen to transport gas from the Shah Deniz 2 field to EU borders and beyond. TAP will directly support
the development of competition in the Italian, Greek, Albania and European gas markets. In addition to promoting diversification of routes and supply sources, TAP will also support diversification of counterparts (and shippers), as new
players enter the markets together with completely new sources of gas.
The entry of new counterparts in the Italian market will also directly contribute to the development of the Italian gas hub and overall liquidity of the Italian market, as well as to liquidity and development of markets in Greece and South
Eastern Europe and the Balkans.
COMMENTS ABOUT THE PROJECT FINANCING
Public financing
Private financing
Multilateral financing
Kipi (TR) / Kipi (TAP)
337.00
Trans-Anatolian Pipeline (Turkey) Trans-Adriatic Pipeline (Greece)
Melendugno - IT / TAP
243.00
Hub Italia
Trans-Adriatic Pipeline (Greece)
Melendugno - IT / TAP
337.00
Trans-Adriatic Pipeline (Greece) Hub Italia
Komotini (DESFA) - GR / TAP
243.00
Trans-Adriatic Pipeline (Greece) Hub Greece
PROJECTED CAPACITY INCREASES
Interconnection
Capacity (GWh/d)
From Zone
To Zone
ENTSOG TYNDP 2013-2013 - Annex A
Southern Corridor GRIP 2014–2023 Annex B |
61
