Construction begins on Trans Adriatic gas pipeline

Construction begins on Trans Adriatic gas pipeline

Work has officially started on a link to the “Southern Gas Corridor,” a US$45 billion project to supply natural gas from the Caspian Sea to Europe and reduce imports from Russia.

The announcement was made at a ceremony yesterday for the 870km Trans Adriatic Pipeline in Thessaloniki, Greece. Senior officials attended such as European Commission VP Maros Sefocvic and Greek premier Alexis Tsipras.

The pipeline will transport gas from the Turkish-Greek border across Greece, Albania and the Adriatic Sea, arriving onshore in southern Italy.

It will link the Trans Anatolian Pipeline, or Tanap, which will take gas from Azerbaijan’s giant Shah Deniz II field in the Caspian Sea. The “Southern Corridor” is a central part of the EU’s efforts to diversify energy supply sources.

“If you look at the Southern Gas Corridor you are talking about true diversification,” said Mr. Sefcovic. “It’s a new source, new supplier, new route and really new molecules of gas.”

Sefcovic added the project is built in a very strategic area rich in hydrocarbons and close to Turkmenistan, Iran and northern Iraq.

The first gas is anticipated to arrive in Turkey in 2019 and the EU in 2020.

@RGNOnline