Site map
Contacts
Archive
Azərbaycan
versiyası






Top News

02.12.2015 09:25

SNAM clarifies conditions for purchase of statoils stake in TAP

Italys Snam has disclosed the details of the transaction on the purchase of Norwegian company Statoils 20% share in gas pipeline project Trans-Adriatic Pipeline.

Snam reports that a purchase price with Statoil of 130 million and will also enter in the term credit facility agreement currently granted by the Norwegian company to TAP for a nominal amount of 78 million.

TAP is crucial to the diversification of gas sources in Europe through the development of the Southern Corridor from the Republic of Azerbaijan and potentially other producing countries, Snam chief executive Carlo Malacarne said.

Snams entry in the project will reinforce its primary role and that of Italys infrastructure in boosting competition among supply sources and strengthening security of supply for the European gas system, Malacarne added.

all news





JOIN US!
Top news
TRAVEL PARTNER
Premier Tour
OFFICIAL HOTELS
Qafqazpoint


SheratonBaku
EXCHANGE RATES
  06/12/2021 07/12/2021
USD 1.7 1.7
EUR 1.8968 1.8968
GBP 2.1937 2.1937
RUR 0.0264 0.0264
WEATHER



      Caspian Oil & Gas Conference is Copyright © 2000-2021 All rights reserved. Hosted by VebTek