Tap on track
The Caspian gas pipeline to feed into Europe has secured its project financing
The completion of the €3.9bn project financing for the Trans-Adriatic Pipeline (Tap) has, after a tortuous gestation, paved the way for the final stage of the southern gas corridor (SGC) route into Europe from Azerbaijan to be completed on time in 2020. The Tap project, designed to handle 10bn m³/yr of Azeri gas, has suffered a host of complications since the consortium building it won the bidding process in 2013 to take gas from the Turkish/Greek border across Greece and Albania, then under the Adriatic to Italy. A changing pool of shareholders, the complex web of legal and political agreements required and, more latterly, objections to the pipeline in Italy, have slowed development. The f
Also in this section
24 March 2026
It is an unusual story of out with the new and in with the old, as America First Refining shows the US going back to trusted energy security developments
23 March 2026
A complex and sometimes contradictory web of factors that include unpredictable oil prices, the globalisation of LNG markets, the expansion of Middle Eastern sovereign capital and the growth of datacentre demand will shape the energy landscape beyond 2026
23 March 2026
The Strait of Hormuz crisis highlights how key waterways can become global chokepoints
20 March 2026
Attacks on key oil and LNG assets across the Gulf mean a prolonged supply disruption, with damage to Qatar’s export capacity undermining confidence in the global gas system
