LNG

Switzerland's Axpo, the largest producer of renewable energy and an international leader in energy trading and marketing, has closed an additional syndicated, committed and unsecured credit facility of €2.3 billion with an international banking consortium, increasing its syndicated credit lines with banks to a total of €5.3 billion.

The Trans-Adriatic Pipeline (TAP), an 878-kilometres transportation system bringing Caspian natural gas from Azerbaijan to Greece, Albania, via the Adriatic Sea and Italy and whose main shareholders are among Europe’s main LNG terminal and grid operators has begun commercial operations.