Germany and France withdraw from Trans Adriatic Pipeline AG

Germany and France withdraw from Trans Adriatic Pipeline AG Germany and France have withdrawn from Trans Adriatic Pipeline AG (TAP) being created for Azerbaijani gas transportation. TAP AG informs that E.On (9%) and Total (10%) sold their equity stakes to Fluxys and new shareholder Enagás (Spain). As a result, existing shareholder Fluxys increased its stake in TAP from 16% to 19% and Enagás joined the project as a new shareholder with a 16% stake... Read More