28 March 2024
TAP rejects EU subsidies in favour of market forces
Publication date: 17 November 2011
Gas Strategies Group
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ISSN: 0964-8496
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Trans-Adriatic Pipeline (TAP) executive Barnim Piechorowski told the European Autumn Gas Conference that shareholders in the TAP consortium are fully prepared to finance the project without EU subsidies, as "the market has to decide on the commerciality of big projects". The EU's recently announced Connecting Europe Facility funding plan has allocated €9.1 billion for key projects.