Italian Snam, Albgaz to Cooperate for Albanian Gas Mkt.

Italy's natural gas infrastructure company Snam and Albania’s gas infrastructure operator Albgaz agreed to collaborate in the development of Albania's gas market, the company announced on Monday.

Both signed a memorandum of understanding (MoU) for developing collaboration to support the start and development of the country's gas market and infrastructure system that will be launched when the Trans Adriatic Project (TAP) pipeline transverses the country.

The TAP project aims to connect the Trans Anatolian Natural gas Pipeline (TANAP) at the Greece-Turkey border and cross northern Greece, Albania and the Adriatic Sea before going onshore in southern Italy, where it will link up with the Snam-operated Italian natural gas network.

The entire project will be 878 kilometers in length with an initial capacity of 10 billion cubic meters per year to transfer Azerbaijan’s natural gas to several European markets.

TAP is currently in its construction phase, which started in 2016.

"The collaboration is targeting, inter alia, to support Albgaz in the development of the infrastructure necessary to launch the gas market and the implementation of best practices typical of the activities run by Snam," the statement read.

Albgaz was set up in January 2017 and is tasked with developing and managing infrastructure for the Albanian gas market.

(Anadolu Agency)

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