As per the three-year agreement, the two companies will exchange technical information and coordinate activities.
TAP and Plinacro already individually support the security of supply and diversification of gas resources in the region.
TAP is a 520km pipeline planned to transport gas between 10 billion to 20 billion cubic meters per year through Greece and Albania across the Adriatic Sea to Italy’s southern Puglia region and on to the rest of Europe.
Plinacro plans to enter new South European markets and is promoting the Ionian Adriatic Pipeline (IAP), which aims to bring major energy security and economic benefits to the region.
Under the terms of the MOUC, a joint working group will be established immediately to further evaluate areas of potential cooperation, ranging from the alignment of overall schedules and sharing of best practice, to facilitating the mutual understanding of each project’s technical requirements.
