Trans Adriatic Gas Pipeline Gets Crucial EU Approval

Law360, Los Angeles (May 17, 2013, 8:12 PM EDT) -- The European Commission has formally approved the Trans Adriatic Pipeline’s application for a third-party access exemption, which will allow it to export gas from Azerbaijan to Europe for a period of 25 years, TAP announced Friday.

The commission’s actions follow the regulatory approval of authorities in Italy, Greece and Albania, and include approval for third-party access exemption for the initial capacity of 10 billion cubic meters, exemptions from regulated tariffs on TAP’s initial and expansion capacity, and exemption from ownership unbundling for 25 years. Designed to expand...
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