Snam takes Statoil’s Tap stake

摘要

Italian gas network operator Snam is to buy Norwegian firm Statoil’s 20pc in the 882km Trans-Adriatic Pipeline (Tap) for ?208mn ($221mn) in a deal to be finalised by the year’s end. Statoil’s decision to exit follows its departure last year from Azerbaijan’s BP-led Shakh Deniz project, whose second phase is due to feed Tap.