The Trans Adriatic Pipeline today hosted the first South Eastern Europe Gas Forum in Brussels, focussing on the potential growth and demand for gas in the region.
 

Brussels, Belgium. The Trans Adriatic Pipeline today hosted the first South Eastern Europe Gas Forum in Brussels, focussing on the potential growth and demand for gas in the region. Opening the conference, Kjetil Tungland, TAP Managing Director said: “Many countries in South Eastern Europe are keen to secure supplies of gas in to the region from the Shah Deniz Phase II development and other potential Caspian sources. TAP is the only pipeline which can fulfil this vision in a cost-effective, technically reliable and commercial way. In order to turn this vision into reality, it is important that the Shah Deniz consortium makes the appropriate decision soon. Once TAP is realised, then the connections to the South Eastern European markets - through the Ionian Adriatic Pipeline and other systems - can be implemented quickly.”

Stimulated by solid economic growth – around 2 to 5% increase of GDP a year – the South Eastern Europe market will register a rise in energy demand in the near future. The collective aspiration to join the EU will also drive these countries towards a more environmentally balanced energy portfolio, making natural gas a crucial energy source.

“Connecting South Eastern Europe to Caspian...