EU Investment Bank approves € 1.5bn loan for Trans Adriatic Pipeline (TAP)

Gas pipeline in the European Union. (Copyright: EU, 2012 / Source: EC - Audiovisual Service / Photo: Ferenc Isza)

Last week, the European Investment Bank (EIB) approved a € 1.5 billion loan for the Trans Adriatic Pipeline (TAP), a pipeline project to ship gas from Azerbaijan to Italy via Greece and Albania. The funding is part of a € 40 billion project to bring new gas supplies to Europe, the Southern Gas Corridor, and […]