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Benefits

Main Driver

Market Demand

Main Driver Explanation

Benefit Description

TAP will contribute to the security and diversity of Europe's energy supply by connecting to existing gas networks and will allow gas to flow directly from

the Caspian basin into European markets. TAP will be providing the necessary infrastructure to transport gas from the Shah Deniz field in Azerbaijan by the

most direct route to Southern Europe.

Intergovernmental Agreements

Agreement

Agreement Description

Is Signed Agreement Signature Date

Host-government agreement between TAP

and Albania

The HGA is designed to fill legal, regulatory and fiscal caviats to mitigate commercial risks and

thereby provide the necessary investor protection to ensure that the project is built and enable

construction and operation in accordance with high standards

Yes

05/04/2013

Host-government agreement between TAP

and Greece

The HGA is designed to fill legal, regulatory and fiscal caviats to mitigate commercial risks and

thereby provide the necessary investor protection to ensure that the project is built and enable

construction and operation in accordance with high standards

Yes

26/06/2013

Inter-governmental Agreements (only

applicable for import pipeline projects

An IGA between Italy, Greece and Albania has formalized the state parties’ support for the TAP

project, ensure cross-country harmonization of standards in order to facilitate the

implementation of TAP and provide the necessary investor protection measure

Yes

13/02/2013

Inter-ministerial agreement between Italy,

Albania and Greece

An inter-ministerial agreement between Italy, Albania and Greece is required under Italian law

to commence the TPA exemption application process in Italy.

Yes

27/09/2012

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Current TYNDP : TYNDP 2017 - Annex A

Southern Corridor GRIP 2017–2026 Annex B |

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