Greece is seeking to negotiate the terms of the Trans-Adricatic Pipeline (TAP) projects, that will deliver about 10 bcm/year of gas from the Shah Deniz gas field in Azerbaijan to Italy after crossing Greece and Albania. The Greek Ministry of Production Reconstruction, Environment and Energy has requested a significant reduction in gas prices, an equity stake in the TAP consortium for the Greek state and transmission fees for crossing the territory. Azerbaijan national gas company SOCAR, which owns 20% of the consortium, has rejected Greece's requests, claiming that transmission fees needed to be addressed at an EU level and that gas prices needed to be examined by all shareholders. SOCAR would not reject selling part of its stake to Greece, though doubting that Greece would have the funds required. TAP’s shareholding is comprised of BP (20%), SOCAR (20%), Statoil (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).
Greece's public gas company DEPA had reached an agreement in 2013 with SOCAR on the supply of 1 bcm/year of gas through the pipeline, when commissioned in 2020.