Baar, Switzerland. Trans Adriatic Pipeline AG (TAP) has awarded a
contract for the Engineering, Procurement and Construction (EPC) of the
Pipeline Receiving Terminal (PRT) and a contract for the EPC of the onshore
pipeline in Italy (8-kilometre, 36-inch diameter).

The joint venture comprised of Enereco S.p.a.
Max Streicher S.p.a. has been awarded the contract for
the onshore pipeline in Italy, which will connect the project offshore section
at the landfall with the PRT.

Renco S.p.a. has been awarded the contract for the Pipeline Receiving Terminal, which
is the final element connecting TAP to the Snam Rete Gas network. In addition
to receiving natural gas, the PRT will also host the Supervisory Control Centre

Ian Bradshaw, Managing Director at TAP, said: “Congratulations to Renco S.p.a. as well
as the Enereco S.p.a. and Max Streicher S.p.a. joint venture for their strong
bids, which best met our high technical standards and health, safety and
environmental criteria. I also want to thank all companies who participated in
this rigorous tendering round. In addition to further securing local
employment, we hope this appointment will help boost indirect benefits and
investment in Italy.”

Renco S.p.A., an Italian company founded in
1979, provides a wide variety of services including engineering and
construction for energy, oil & gas and civil infrastructures sectors.

Enereco is an engineering company, established
in 1988. The technological skills of the company’s multidisciplinary teams
cover the design of plants and infrastructures for production and
transportation in the energy field. Max Streicher S.p.a. is the Italian
subsidiary of Streicher Group. The team has a well-established position in the
pipeline and plant construction sector in Italy, including work on major oil
and gas projects with Snam Rete Gas and ENI’s Group.

This year TAP has awarded several contracts:
construction and rehabilitation of access roads and bridges in Albania (April
2015), large diameter ball valves and actuators (July 2015), turbo compressors
(September 2015), fittings, isolating joints and scraper traps (October 2015),
270km onshore line pipe and bends (October 2015) as well as 495km of onshore
line pipes (November 2015).