The Trans Adriatic Pipeline: Why it Matters and What Comes Next?
On November 14, the Transadriatic Pipeline (TAP) commenced operation. It is difficult to overstate the significance of this development. The new transit link running from Greece’s border with Turkey all the way to Italy, via a 878-stretch that also crosses Albania and the Adriatic Sea, makes the much-discussed Southern Gas Corridor a reality. It brings an annual 10 billion cubic meters (bcm) of natural gas from the Shah Deniz offshore field in the Caspian to consumers in the EU and the Western Balkans, helps diversify supplies away from Russia, and enhances Azerbaijan’s position on European markets.