TAP – the European Leg of the Southern Gas Corridor Michael Hoffmann, TAP External Affairs Director Hong-Kong – Albania Trade & Investment Forum Hong-Kong, 27 October 2015
TAP – the European Leg of the Southern Gas Corridor 2 Natural gas reserves in trillion cubic metres • Investment of approx. USD 45 bln • Crossing six countries – 3,500 km BP World Energy Statistical Review 2014
TAP – the European Leg of the Southern Gas Corridor 3 TAP in Albania – At a Glance • Access roads: ~ 100 km (new and upgraded) • Bridges: 40 refurbished and 3 new built • 8,000 plots of land • 8 block valve stations (BVS) • Crossing 570 roads, 440 rivers & railway (major & minor crossings)
TAP – the European Leg of the Southern Gas Corridor 4 TAP’s shareholders Supported by major energy companies SOCAR BP Statoil Fluxys Enagás Axpo (20%) (20%) (20%) (19%) (16%) (5%)
TAP – the European Leg of the Southern Gas Corridor 5 1. Pre-Selection Phase Q2 2013 TAP selected by the Shah Deniz Consortium Pipeline construction 2013 2014 2015 2016 2017 2018 2019 • TAP designated Project of National Importance , December 2012 • Intergovernmental Agreement (IGA) on TAP between Albania, Italy and Greece, February 2013 • Host Government Agreement (HGA), April 2013 • TAP’s Environmental, Social and Impact Assessment (ESIA) approved, April 2013 • Memorandum of Understanding (MoU) for support of TAP & IAP, May 2013
TAP – the European Leg of the Southern Gas Corridor 6 2. Development Phase Q2 2015 TAP begins pre-construction work in Albania Pipeline construction 2013 2014 2015 2016 2017 2018 2019 • Albanian authorities provided full support for: o Updating cadastre data o Land Easement and Acquisition (LEA) activities o Permitting and approval process • Local communities favorable towards TAP
TAP – the European Leg of the Southern Gas Corridor 7 3. Execution Phase First gas | TAP starts operations 2020 Pipeline construction 2013 2014 2015 2016 2017 2018 2019 “TAP aims to safely deliver Caspian gas to Europe by 2020.” Ian Bradshaw, TAP Managing Director
TAP – the European Leg of the Southern Gas Corridor 8 Legal & Investment Framework • EU Accession Status • Contracting Party to the Energy Community o 3 rd Energy Package compliant • Energy Charter Treaty signatory Cooperation with ERE, the national regulatory authority of Albania Third Party Access (TPA) Exemption 2013 – Approval of TAP’s application 2015 – Prolongation of the validity period of TAP’s TPA exemption Independent Transmission Operator (ITO) Certification
TAP – the European Leg of the Southern Gas Corridor 9 Benefits & Opportunities Construction Operations Direct Sourcing Induced Direct Induced Gas exit Taxes benefits locally benefits benefits benefits capacities
TAP – the European Leg of the Southern Gas Corridor 10
Thank you www.tap-ag.com
12 Annex Slides Facilitating Connections to Several European Markets
13 Annex Slides TAP's key features Aligned with EU’s energy policy objectives • Designed to expand from 10 to 20 bcm/a (plus) • 878 km in length (105 km offshore) • 48” onshore, 36” offshore
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