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27.09.2011 17:13

TAP and Geoplin Plinovodi Sign Memorandum for Cooperation

Given the proximity of the IAP route to Slovenia, the agreement between TAP and Geoplin plinovodi provides the Slovenian TSO the potential to access new natural gas supplies from the Caspian region via a new transport route

AUTHOR: publics.bg

© Ken Lund@flickr.com

The Trans Adriatic Pipeline AG and the Slovenian transmission system operator Geoplin plinovodi d.o.o. have signed a Memorandum of Understanding and Cooperation (MOUC) to support the development of natural gas markets in South East Europe (SEE) and to enhance security of supply in this region.

This is the latest in a series of strategic initiatives led by TAP in 2011. Earlier this year TAP concluded similar MOUCs with Croatian TSO Plinacro Ltd, Bosnia TSO BH-Gas, and the governments of Montenegro and Albania, all of which support the Ionian Adriatic Pipeline (IAP) project.

The TAP consortium, comprised of European energy leaders Statoil, E.ON Ruhrgas and EGL, is proposing to construct a natural gas pipeline via Greece, Albania and Italy to bring Caspian gas to Europe. TAP has entered into individual cooperation agreements with the parties supporting IAP, which is a planned pipeline that will transport natural gas across the territories of Croatia, Albania, Montenegro and Bosnia and Herzegovina. IAP proposes to connect to the TAP project at a point near Fier, Albania.

Given the proximity of the IAP route to Slovenia, the MOUC between TAP and Geoplin plinovodi provides the Slovenian TSO the potential to access new natural gas supplies from the Caspian region via a new transport route. Furthermore, this initiative supports the development of the gas market in Slovenia and the wider SEE region by bringing gas supplies to meet their growing demand.