1 March 2008
EU: Trans-Adriatic Pipeline plans advance
EGL AND StatoilHydro will form a joint venture to build and operate the Trans-Adriatic Pipeline (TAP), which will deliver Caspian and Middle Eastern gas directly to Europe for the first time. It is a small victory, but a victory nonetheless, for the European Union's (EU) plan to diversify its gas supply sources. The two firms will build the estimated €1.5bn ($2.2bn) pipeline, which will run 520 km from the Greek city of Thessaloniki, through Albania and under the Adriatic Sea to connect with the national Italian pipeline grid near Brindisi. According to EGL, a Switzerland-listed energy trader, the Caspian and Iranian gas would reach Greece through an existing network of pipelines across Turk
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
