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26.11.2015 09:07

Greece obtains tap benefits that activated this project

The process of Trans Adriatic Pipeline (TAP) is moving forward, and Greece is in the process of changing the terms of the agreement so that it brings more benefits to the Mediterranean country.

New Europe writes citing the sources at the Greek Ministry of Energy & Environment that change of the agreement terms concerns compensations for the passage of this pipeline through public land and forests and the doubling of corporate social responsibility to €32 million to be paid by the consortium over five years.

The sources at the Greek Environment & Energy Ministry noted that the US special envoy and coordinator for international energy affairs, Amos Hochstein, during his visit to Athens in October, expressed his satisfaction that TAP and IGB are no longer stuck or stalled and will be accelerated in the future.

These projects will also be discussed in the course of the visit of U.S. Secretary of State to Athens on 4 December.

"When we talk about multilateral energy policy of Greece and Europe, we have to consider, as the TAP and Russian streams, especially considering that Russia is actively moving forward with Nord Stream-2," said the representative of the Ministry of Energy of Greece.

He said that there is big progress with the Interconnector Greece Bulgaria (IGB), connecting with gas pipeline TAP (branch).

“Greek Energy Minister Panos Skourletis will travel to Sofia on 10 December to sign the Final Investment Decision (FID) for IGB,” the sources said.

IGB was planned to ensure an alternative supply to Russian natural gas for Bulgaria through a linkup with TAP that will carry Azeri gas from Shah Deniz field.

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