Italy, Greece welcome selection of Trans-Adriatic Pipeline route

The selection of TAP by the consortium has appeared to make the countries on the TAP route very happy, specifically economically suffering Greece, as Yorgo Krbaki reported in daily Hrriyet yesterday. "Greece will earn 320 million euros, and around 2,700 new jobs will be...

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 E-mail article  Print  Save Additional News in English Još vesti na Srpskom Επιπλέον ειδήσεις στα Ελληνικά  Text

Italy, Greece welcome selection of Trans-Adriatic Pipeline route



Balkans.com Business News Correspondent - 28.06.2013

The selection of TAP by the consortium has appeared to make the countries on the TAP route very happy, specifically economically suffering Greece, as Yorgo Krbaki reported in daily Hrriyet yesterday.

"Greece will earn 320 million euros, and around 2,700 new jobs will be created by the project during the construction period between 2015 and 2018. In the next 50 years, it will earn around 35 billion euros, posting 5 billion euros of net profit," according to the story.

With the project Azerbaijanis would also appear to have direct access to the European market both as a gas seller and infrastructure builder by choosing the Trans-Adriatic Pipeline (TAP) to supply gas, sources familiar to the issue told the Hrriyet Daily News yesterday.

"Before the consortium's official announcement, we do not prefer to make any announcement on whether we have won the tender or not. I, however, could say our project is very advantageous for Azerbaijanis as well as Europeans on various grounds," said Cenk Pala, TAP's Turkey representative, adding that Azerbaijani Socar could have direct access to the European market via the Trans-Anatolian gas pipeline (TANAP) and TAP as an active player while Europe would have cheaper Azerbaijani gas. "This is a win-win game," Pala said.

bne/HDN


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