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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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