Total, E.ON said to withdraw from TAP gas pipeline project

Total (TOT) and E.ON (EONGY) plan to withdraw from the Trans Adriatic Gas Pipeline project designed to reduce Europe's reliance on Russian gas, according to officials of Azerbaijan state energy company Socar.

The TAP project aims to transport gas from Azerbaijan's Shah Deniz II field in the Caspian Sea, one of the world's largest gas fields, by the end of the decade.

Among TAP's largest shareholders are BP (20%), Socar (20%), Statoil (20%), Total (10%) and E.ON (9%).

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Comments (2)
  • Puma69
    , contributor
    Comments (160) | Send Message
    Unfortunate that Europe is running the errands of the USA when the future is in the east.
    3 Jun 2014, 09:15 AM Reply Like
  • Veritas1010
    , contributor
    Comments (3406) | Send Message
    And, to wit nothing will change unless some European nation wishes to rise economically and militarily to offset the new nation drunk on its own ''exceptionlism'' - Russian.
    3 Jun 2014, 09:38 AM Reply Like
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