TAP to invest 1M euros in agricultural program in Greece| MENAFN.COM

Saturday, 26 November 2022 02:58 GMT

TAP to invest 1M euros in agricultural program in Greece


(MENAFN- Trend News Agency ) Baku, Azerbaijan, Nov.1

By Leman Zeynalova – Trend:

The Trans Adriatic Pipeline (TAP) AG presented its agricultural initiative "Thriving Land | Supporting Agri-food Education," to be implemented in all three Northern Greek prefectures traversed by the pipeline, said the message on the consortium's website.

As part of the initiative, TAP will invest 1 million euros in educational and applied biotechnological activities, aiming at supporting the cultivation, marketing, and sale of distinct agri-food products or varieties locally produced in areas across the route of the pipeline, said the message.

The project will be implemented by the American Farm School of Thessaloniki (AFS) and the Institute of Applied Biosciences (INAB) of the Centre for Research and Technology Hellas (CERTH), and monitored by the Bodossaki Foundation.

TAP is a part of the Southern Gas Corridor which is one of the priority energy projects for the EU.

TAP project envisages transportation of gas from the Stage 2 of development of Azerbaijan's Shah Deniz gas and condensate field to the EU countries.

The pipeline will be connected to the Trans-Anatolian Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy's south.

TAP's shareholders are: BP (20 percent), State Oil Company of Azerbaijan (20 percent), Snam (20 percent), Fluxys (19 percent), Enagas (16 percent) and Axpo (5 percent).

TAP will be 878 kilometers in length (Greece 550 km, Albania 215 km, Adriatic Sea 105 km, and Italy 8 km). Its highest point will be 1,800 meters in Albania's mountains, while its lowest point will be 820 meters beneath the sea.

---

Follow the author on Twitter:

MENAFN0111201701870000ID1096024062


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.