The consortium, composed of the companies BP, Statoil (Norway), Total (France) and Socar (Azerbaijan) preferred the TAP project, bypassing Russia and the competitive pipeline project Nabucco West.
According to information, multiple economic benefits are expected for Greece with many job opportunities. Once the deal is finally reached, it will concern the implementation of an investment of 1.5 billion euros in Greece for the construction of the Greek section of the pipeline.
The Trans Adriatic Pipeline (TAP) supports the attempt of the promotion of Greece in “energy highway,” the pipeline Consortium said. The agreement sets the framework of the implementation and operation of the project on Greek territory, from Kipoi of Evros to the area of Dipotamia on the Greek-Albanian borders, a distance of 550km.
There are also arrangements for the use of land, as well as technical, environmental standards, safety etc. The Consortium noted that it already cooperates with Greek companies and scientists and intends to expand these partnerships. According to known estimates, during the construction period of the pipeline 2,000 direct and 10,000 indirect jobs will be created which are related to construction areas, services, transport, communications, financial services etc.