An agreement on the legal status of the Caspian Sea could provide impetus for expanding the throughput of southern Europe’s €4.5 billion ($5.2 billion) Trans-Adriatic Pipeline (TAP) after it is completed in 2020.
TAP is part of the $40-billion, 3,500 km Southern Gas Corridor, which will transport Caspian gas to Europe. Construction started in 2016. The pipeline will cross Northern Greece, Albania and the Adriatic Sea before connecting to the Italian gas network in Puglia.
The 10 billion cubic metre per year TAP will be fed by...
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