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TAP pipeline starts process to double its gas transport capacity

TAP pipeline starts process to double its gas transport capacity MILAN, Jan 30 (Reuters) - The Trans Adriatic Pipeline (TAP) has started the process to increase its capacity to 20 billion cubic metres by 2027, it said on Monday, helping Europe to enhance its energy security. The 878-kilometre (546-mile) link, which transports gas from Azerbaijan to several European countries including Italy, said 1.2 billion cubic metres (bcm) of incremental gas capacity per year will be available to clients thr
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TAP pipeline says it triggers first level of capacity expansion

BRIEF-TAP pipeline says it triggers first level of capacity expansion Jan 30 (Reuters) - The Trans Adriatic Pipeline (TAP) consortium says: Following the closing of the binding bid submission window on 22 January 2023, TAP will now trigger the first level of expansion and allocate 1.2 billion cubic meters (bcm) of incremental capacity per year through long-term contracts starting from 2026. A second binding phase is expected in the course of 2023 and interested parties will be able to submit the
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UK Stocks-Factors to watch on Jan 30

UPDATE 1-UK Stocks-Factors to watch on Jan 30 Adds new items, updates futures Jan 30 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower, with futures FFIc1 down 0.59% on Monday. * SHELL: Shell SHEL.L will combine its oil and gas production and LNG division as part of CEO Wael Sawan's changes to the energy giant's structure. * BP: Russia's war in Ukraine is expected to weigh on long-term energy demand and accelerate the world's shift to renewables and low-carbon power as countries b
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Ukraine war to accelerate shift to clean energy, BP says

UPDATE 1-Ukraine war to accelerate shift to clean energy, BP says Adds details, BP code By Ron Bousso LONDON, Jan 30 (Reuters) - Russia's war in Ukraine is expected to weigh on long-term energy demand and accelerate the world's shift to renewables and low-carbon power as countries boost domestic energy supplies, BP BP.L said in a report on Monday.
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British Business - Jan 30

RPT-PRESS DIGEST-British Business - Jan 30 Repeats with no changes to text Jan 30 (Reuters) - Following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - British Prime Minister Rishi Sunak will take a zero-tolerance approach to future breaches of the ministerial code after sacking Nadhim Zahawi for failing to be honest about his tax affairs, senior allies have said.
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