Middle East Economic Survey


No 7



EGL, Statoil Form Trans Adriatic Gas Pipeline Joint Venture

Switzerlands EGL Group and Norways StatoilHydro on 13 February formed a 50:50 joint venture with plans to build, own and operate a natural gas pipeline to carry Caspian and Middle East gas across the Adriatic Sea from Albania to Italy. The Trans Adriatic Pipeline (TAP) project was unveiled by EGL early last year (MEES, 16 April 2007) to provide natural gas to four...