OSLO: According to the statement, the Greek investment incentives for the project are “in compliance with state aid rules.”
“The Trans Adriatic Pipeline will bring new gas to the EU and increase the security of energy supply for Southeast Europe,” Commissioner Margrethe Veestager said, as quoted in the statement.
The Trans Adriatic Pipeline is the European leg of the Southern Gas Corridor, which aims to connect the EU market to new gas sources. The TAP will transport Caspian natural gas to Europe, crossing Greece, Albania and the Adriatic Sea, then coming to Southern Italy to connect to the Italian gas network. The TAP AG is owned by several energy companies from Britain, Azerbaijan, Belgium, Italy. The pipeline is expected to have an initial capacity of 10 billion cubic meters of gas per year.
