Fluxys Buys Stake in Trans Adriatic Pipeline
Fluxys, the Belgian gas transmission system operator, acquired a 16% stake in the Trans Adriatic Pipeline AG ("TAP"). TAP is of high strategic importance for the European energy agenda. TAP will transport natural gas from the giant Shah Deniz II field in Azerbaijan, via Greece and Albania, and across the Adriatic Sea to Southern Italy, and further to the most attractive gas markets in Western Europe.
Bär & Karrer acted as Swiss legal advisor to Fluxys. The Bär & Karrer team included Ralph Malacrida and Phyllis Scholl.