Energy minister discusses progress in TAP, IGB, LNG terminal projects in Baku

Developments in the construction of the Trans Adriatic Pipeline (TAP), the Gas Interconnector Greece-Bulgaria (IGB) and the LNG terminal in Alexandroupolis were discussed by Energy and Environment Minister Giorgos Stathakis on the sidelines of the 3rd meeting of the Consultative Council on the Southern Gas Corridor Project in Baku, on Thursday.

Stathakis met with the Vice-President and European Commissioner for Energy Maros Sefcovic, TAP Managing Director Ian Bradshaw, Bulgarian Energy Minister Nikolay Pavlov, BP’s regional president for Azerbaijan, Georgia and Turkey, Gordon Birrell, and BP’s Southern Corridor vice-president for Azerbaijan-Georgia-Turkey operations, Joe Murphy.

Concerning TAP, all sides agreed impressive progress has been made in the construction of the pipeline on Greek soil and discussed the possibility of opening three new connection points in Northern Greece.

On IGB, officials confirmed the EU’s commitment to assist in speeding up the availability of EU funds, so that work can begin in 2018. Stathakis and Pavlov agreed to cooperate closely to resolve issues concerning the funding of the
project.

Concerning the LNG terminal, all sides agreed on the need to include the project in the third package of the EU’s Projects of Common Interest (PCI) and complete the feasibility studies, in order to secure more investors.