The Trans Adriatic Pipeline (TAP), which will transport 10 bcm/year of natural gas from the Shah Deniz II field in the Azerbaijani sector of the Caspian Sea to Europe, is complete. The interconnection point between the TAP pipeline and the gas transmission system of Snam Rete Gas in Puglia (Italy) is scheduled to be completed and ready to transport gas by mid-November 2020. The 878 km long pipeline connects with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border in Kipoi, crosses Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy. Snam has a 20% stake in the project, along with BP (20%), Socar (20%), Fluxys (19%), Enagas (16%) and Axpo (EGL) (5%). The project is estimated to cost €4.5bn.
In December 2019, Turkey and Azerbaijan formally inaugurated the US$6.5bn Trans-Anatolian Natural Gas Pipeline (TANAP) gas interconnector. The 1,850-km-long gas pipeline stretches between the Turkish Posof district of Ardahan and the Greek border in the Ipsala district of Edirne. Designed to have an initial capacity of 16 bcm/year, the TANAP pipeline is aimed at delivering 6 bcm/year of gas to the Turkish market and 10 bcm/year to Europe. At a later stage, its capacity could be expanded to 31 bcm/year with additional investment. The Southern Gas Corridor (SGC, a joint venture of SOCAR with 49% and the Ministry of Economy of Azerbaijan with 51%) holds a 51% interest in TANAP, in partnership with Turkey's Petroleum Pipeline Corporation (BOTAŞ) (30%), BP (12%) and SOCAR (7%).