Trans Adriatic Pipeline

The strategic interest of Italian gas infrastructure company Snam in the Greek gas network was confirmed on Monday with the opening of the improved financial offers for the acquisition of 66 percent of gas grid operator DESFA.

The European Investment Bank approved 932 million euros ($1.15 billion) in financing on March 15 for the Trans-Anatolian Natural Gas Pipeline (TANAP), the largest part of a $40 billion project to bring new gas supplies to Europe.

The European Bank for Reconstruction and Development plans to allocate loans worth up to 1.2 billion euros for the Trans-Adriatic Pipeline (TAP) this year, part of a $40 billion project to bring new gas supplies to Europe, an EBRD official said.

The Trans Adriatic Pipeline (TAP) taking gas from Azerbaijan to Europe will pump the first gas into Italy at the start of 2020 despite local protests against the 4.5-billion-euro project, TAP's president told Reuters.

"We are on track to deliver the gas in the first quarter of 2020," Walter Peeraer said in an interview.

Turkish Energy Minister Berat Albaicar predicts that Europe can expect the start of gas supplies from Azerbaijan in 2020, informs BGNews quoted by NOVA.

The United States wants to see northern Greece become a gateway for the transportation of natural gas and commodities to the Western Balkans and Europe, US Ambassador in Athens Geoffrey Pyatt tells Kathimerini.

Washington aims to help make northern Greece an entry point for the transfer of gas and commodities into the Western Balkans, according to US Ambassador Geoffrey Pyatt.

The United States has sent a clear message of support for international interconnection projects for the transmission of natural gas from sources outside Russia - which Greece is also involved in - through Ambassador Geoffrey R. Pyatt.

Albania's Ministry of Energy on Friday in Tirana unveiled a preliminary feasibility study for a proposed Ionian-Adriatic gas pipeline, hoping the EU may fund construction of the section of the pipeline between Albania and Montenegro.

The Trans Adriatic Pipeline (TAP), the end piece of the $40 billion Southern Gas Corridor, has appointed a new country manager for Greece, it said Wednesday. TAP, which will bring Azeri gas into Europe by 2020 via Greece and Albania, said Katerina Papalexandri will take over from Rikard Scoufias on September 1.