The consortium for construction of the Trans Adriatic pipeline (TAP) has signed the contract to supply pipes for construction of the offshore section of TAP, reported the consortium.
The contract to deliver 110 km of 36 inch pipes to build the gas pipeline along the Adriatic Sea bottom from the Albanian coast to the southern coast of Italy has been signed with German Salzgitter Mannesmann International GmbH company. Total weight of the pipes is 71,000 tons.
Prior to that the TAPA consortium has signed the Engineering, Procurement, Construction and Installation (EPCI) contract to build the offshore section of the pipeline along the Adriatic Sea bottom with Italian Saipem SpA company. This section of the gas pipeline will connect the coastal lines of Albania and southern Italy.
TAP project envisages gas export from the Azerbaijani Shah Deniz-2 gas condensate field to the EU member-states.
TAP shareholders include BP with 20%, SOCAR – 20%, Snam – 20%, Fluxys – 19%, Enagás – 16% and Axpo – 5%. –0--
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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