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12.07.2016 15:44

Japans JFE Steel becomes TAP subcontractor

Japans JFE Steel Corporation concluded a contract to provide hot coils, plates and UOE pipes to the unincorporated consortium of Greek pipe manufacturer Corinth Pipeworks Pipe Industry SA (CPW) and Marubeni-Itochu Steel Inc. (MISI), which won a contract to supply steel materials to the Trans-Adriatic Pipeline (TAP) project in Europe.

JFE Steel reported that itwill serve as one of the TAP projects major subcontractors.

JFE Steel will manufacture the steel at its Fukuyama district and Keihin district facilities in Japan, the company reported. "The hot coils and plates will be shipped by the end of 2016 via MISI to CPW, which will process them into pipes.

TAP project envisages transportation of gas from Azerbaijan's Shah Deniz gas and condensate field to the EU countries.

The 870-kilometer pipeline will be connected to the Trans Anatolian Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy's south. TAP shareholders are BP (20 percent), SOCAR (20 percent), Snam SpA (20 percent), Fluxys (19 percent), Enag?s (16 percent) and Axpo (5 percent).

JFE Steel Corporation manufactures and sells steel products. JFE Steel was formerly known as Kawasaki Steel Corporation and changed its name to JFE Steel Corporation in April 2003. The company was founded in 1950 and is based in Tokyo, Japan.

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