EIB Approves $1.85 Bln Loan to TAP Gas Pipline
TAP, the end piece of the $40 billion Southern Gas Corridor, is slated to bring up to 10 billion cubic metres of gas from the giant Azeri Shah Deniz II field to Italy by 2020, crossing Georgia, Turkey, Greece, Albania and the Adriatic Sea.
Shah Deniz 2 is one of the world's largest gas fields and is developed by a BP-led consortium. TAP shareholders include Azerbaijan energy group Socar, BP and Italian gas group Snam.