Italy regulator grants TAP AG more time for first gas delivery, company confirms Q4 deadline - PLATTS

03 Jul 2020 | 12:46 UTC London

Silvia Favasuli; Editor: Jonathan Fox

• TAP AG says extension requested in case of delay due to COVID-19
• New deadline for first gas delivery now December 2021
• But confirms commitment to deliver first gas in Q4 2020

London — The developer of the Trans Adriatic Pipeline, TAP AG, confirmed late July 2 its commitment to deliver first Azerbaijani gas into Italy in the fourth quarter of this year, despite having asked and obtained from Italy's regulator the possibility of postponing first delivery of gas until December 2021.

"The TAP project is more than 96% complete and reconfirms the target of transporting first gas to Europe within 2020," Vugar Veysalov, TAP head of external affairs, told S&P Global Platts late July 2.

Egypt may return to gas exports after super-giant Zohr discovery - WORLD OIL

Credit: McKinsey Energy Insights

By ANNA SHIRYAEVSKAYA on 6/30/2016

LONDON (Bloomberg) -- Egypt may resume natural gas exports thanks to major discoveries off its shores, according to Snam SpA, Europe’s biggest gas infrastructure company.

The findings are “very significant for North Africa” and especially Egypt, the most populous Arab nation, where demand for gas is rising for electricity generation, said Marco Alvera, the CEO of Milan-based Snam. Italian oil company Eni SpA called the super-giant Zohr field it discovered last year the largest in the Mediterranean. Eni and BP also made a “significant” find this year in the Nile Delta.

“Certainly Zohr is a game changer,” Alvera said in an interview at Bloomberg’s offices in London. “It allows Egypt to fulfill all its needs, which are great and significant,” as well as resume exports, he said.