(MENAFN- Trend News Agency ) Baku, Azerbaijan, June 28
By Elena Kosolapova - Trend:
Trans Adriatic Pipeline AG (TAP) announced the appointment of Luca Schieppati as Managing Director and Walter Peeraer as President, both starting on 27th June 2017.
Luca Schieppati will replace the current Managing Director Ian Bradshaw. He joins TAP from Snam, Europe's largest natural gas utility, where he has worked since 1991. His most recent position was chief industrial assets officer of Snam as well as managing director at Snam Rete Gas S.p.A, the Group's subsidiary managing 32,500-kilometre natural gas pipeline network in Italy. Schieppati brings 26 years of experience in the development and management of pipelines, plant construction, and the operation and maintenance of gas transmission and distribution companies in Italy and Europe.
Peeraer joins TAP as the former Managing Director and Board Member of Fluxys S.A, the Belgian-based European gas transmission assets management company. Within Fluxys, Peeraer also held various senior positions including Chief Executive Officer of Fluxys Belgium. Having left Fluxys in 2016, Peeraer brings more than 30 years of experience in the European utilities and gas sector and has extensive knowledge of European gas markets, regulations and infrastructure. He is also a former TAP Board Member.
TAP is a part of the Southern Gas Corridor, which is one of the priority energy projects for the European Union. The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries.
The pipeline will connect to the Trans Anatolian Natural Gas Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy's south.
TAP will be 878 kilometers in length (Greece 550 kilometers, Albania 215 kilometers, Adriatic Sea 105 kilometers, and Italy 8 kilometers).
TAP's shareholding is comprised of BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).
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