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The French company Total and German E.ON left the project of Trans Adriatic Pipeline (TAP). It is reported by the Azerbaijani news agency "Turan".

Enagás has joined the Trans Adriatic Pipeline project as a new shareholder with a 16 per cent stake in the Trans Adriatic Pipeline AG (TAP) company, reported today Pipelines International. In addition, existing shareholder Fluxys has increased its stake in TAP from 16 per cent to 19 per cent.

According to the article the new arrangement follows the purchase by Enagás and Fluxys of the 19 per cent of TAP shares previously owned by E.ON (9 per cent) and Total (10 per cent).

TAP’s shareholding is now comprised of BP (20 per cent), SOCAR (20 per cent), Statoil (20 per cent), Fluxys (19 per cent), Enagás (16 per cent) and Axpo (5 per cent), according to Turan agency.

The TAP project will transport natural gas from the Shah Deniz II field in Azerbaijan to Europe.

The approximately 870 km pipeline will connect with the Trans Anatolian Pipeline (TANAP) near the Turkish-Greek border at Kipoi, cross Greece and Albania and the Adriatic Sea, before coming ashore in southern Italy.

In December 2013 Franch company Total and Norway's Statoil have refused to participate in the construction of the Trans-Anatolian gas pipeline (TANAP), where it is planned to deliver gas from Azerbaijan to Europe.

In April 2014, Azerbaijani project "Shah Deniz 2" also left Total. Gas from the field is to go to Europe via pipelines TANAP and TAP. As the British edition of Financial Times writes the company Total, is leaving "Shah Deniz" because it is unprofitable project.