Albania's Albgaz to be the co-operator of the Trans Adriatic Pipeline

18/04/2017 10:12 Natural Gas

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Albania’s Albgaz would receive training for operating the Trans Adriatic Pipeline (TAP) AG's Albanian section from the Greece's DESFA gas grid operator.

The final piece of the $40 billion Southern Gas Corridor, TAP will transport central Asian gas into Europe by 2020 through Greece and Albania to Italy's Apulia southern region.

 

Greece's DESFA gas grid operator will assure the necessary training and expertise to the Albania’s Albgaz stuff.

 

Albania and TAP AG also decided that TAP would double its investment for the areas the pipeline traverses to 14 million euros and Albania might renegotiate the profit tax every 10 years. The tax however cannot be increased by over 20 percent.

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