Updated Sep 25, 2024
9/25/24
The BP plc-led Trans Adriatic Pipeline AG (TAP), a leg of the Southern Gas Corridor system that moves natural gas from Azerbaijan to European markets, has gained a new partner.
The European Union (EU) could be securing another source of future natural gas supply, this time from Azerbaijan, as member countries continue to prepare for a future without Russian gas.
Europe has received its first shipment of natural gas via a $40 billion infrastructure project that took seven years to complete, further diversifying the continent’s energy supplies.