Why Statoil leaves the TAP?

Why Statoil leaves the TAP? Statoil is to sell its 20-percent stake in the Trans Adriatic Gas Pipeline (TAP) project that will carry gas from Azerbaijan to Europe, the president of Azeri state energy firm SOCAR said. According to the SOCAR, Statoil has decided to leave the TAP project completely, and there is a company which is ready to buy its stake. CESD underlines that selling of Statoil’s 20 percent stake is not a good news for the Southern... Read More