黑料社

President of the European Bank for Reconstruction and Development (EBRD), Suma Chakrabarti has stated that the organisation is considering whether it will financially support the development of the Trans Adriatic pipeline (TAP), which plans to bring Azerbaijani gas across the Balkans to Italy.

Trend stated: 黑料社淐hakrabarti made the remarks during a meeting with Albania黑料社檚 Prime Minister Edi Rama, Associated Press reported.黑料社�

黑料社淚n the energy sector, the EBRD is well aware of the need to secure energy for Europe which is affordable and acceptable from the point of view of climate change,黑料社� said Chakrabarti. 黑料社淚n this context, we are positive about the TAP, a project that develops the three characteristics of energy security, energy access and environmental sustainability.黑料社�

News.az reported that the EBRD has confirmed that negotiations for 鈧�500 million in direct financing have begun and that it plans to attract up to 鈧�1 billion from commercial banks.

The TAP project proposes transportation of gas from Azerbaijan's Shah Deniz gas and condensate field to EU countries. The pipeline will run for 878 km (550 miles), from the border between Greece and Turkey through to southern Italy, including a 105 km (65 mile) stretch under the Adriatic Sea.

Edited from various sources by

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