TAP promotes stabilization of gas prices in Europe

By diversifying the sources of supply, TAP has brought increased liquidity to selected European gas markets, Vugar Veysalov, TAP Head of External Affairs told Report.

“The gas transported by TAP also contributed to eliminating the gap between the Italian PSV and Dutch TTF gas trade hubs, without which the gas price in Italy would have been even higher,” he added.

Veysalov also noted that by 25 October 2021, TAP intends to publish a Demand Assessment Report, coordinated with Snam Rete Gas (SRG) and DESFA.

“The report will contain the aggregated non-binding demand indications received from the interested parties in the demand assessment phase of the 2021 Market Test,” he said.

Veysalov also noted that that TAP is evaluating the extent to which TAP can technically accommodate transporting a blend of natural gas and hydrogen.

“TAP is currently in the process of assessing the requirements in the design of any new equipment. An initial desktop study is in progress and preliminary results are expected by the end of the year,” he added.