29 December 2016 17:52 (UTC+04:00)Baku, Leman Zeynalova
The European Bank for Reconstruction and Development is ready to consider an investment in the implementation of the Trans-Adriatic Pipeline (TAP) project together with other partners, a source in EBRD told Trend Dec.29.
“It is premature to go into any further details at this stage,” said the source.
Earlier, EBRD President Suma Chakrabarti said that TAP pipeline project is of great interest as it will help the region’s energy security and is deemed environmentally sustainable.
“In the energy sector, the EBRD is well aware of the need to secure energy for Europe which is affordable and acceptable from the point of view of climate change,” noted Chakrabarti. “In this context, we are positive about the Trans-Adriatic Pipeline, a project that develops the three characteristics of energy security, energy access and environmental sustainability.”
TAP is a part of the Southern Gas Corridor which is one of the priority energy projects for the EU.
TAP project envisages transportation of gas from the Stage 2 of development of Azerbaijan's Shah Deniz gas and condensate field to the EU countries.
The 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.
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