TAP secures project financing

Sponsors of the €4.5 billion ($5.2 billion) Trans Adriatic Pipeline (TAP) project - BP (20%), SOCAR (20%), Snam (20%), Fluxys (19%), Enagas (16%) and Axpo (5%) - have secured a €3.76 billion project financing. Signed on 6 December, the 16.5-year facilities include a €700...